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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.

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.

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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