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US: New bidder may give Fairfax run for its money in Blackberry buyout

By  |  October 3, 2013

Fairfax Financial Holdings may not be the only interested bidder in ailing smartphone maker Blackberry, say reports.

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    Following Fairfax’s preliminary deal with Blackberry to acquire the company for $4.7 billion, asset specialist Cerberus could lodge a counter-bid for Blackberry, sources told the Wall Street Journal. Cerberus is not considered one of the companies Blackberry approached for a possible sale earlier this year.

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    Fairfax announced last week its preliminary agreement with Blackberry. Reports say Blackberry could ink a more definitive deal with its largest shareholder by November 4.

    The smartphone company can still make a deal with a competing bidder if Fairfax lowers its offer, say reports.

    Full Content: ZDNet

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