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US: $4.7B bid for Blackberry may not be so final, after all

 |  October 8, 2013

Despite insurance company Fairfax Financial Holding’s $4.7 billion offer for Blackberry to be a solid deal for the ailing smartphone company, new reports suggest rival bids may knock Fairfax out of the competition.

More recent reports say Google, Cisco and SAP may be new contenders for Blackberry, sending the company’s shares up nearly four percent.

The matter is complicated by potential legal action against the company by shareholders, one of which told reporters that lawyers are looking into past opportunities for Blackberry to make a sale. The company reportedly turned down a buyout offer from Amazon and others in 2011.

Despite the new bidding rumors, one analyst told reporters that any serious offers are unlikely to come from Google, Cisco or SAP.

Full Content: Forbes

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