While Blackberry is apparently happy with the $4.7 billion buyout offer from Fairfax financials, yet another firm may be in the process of making an offer to purchase the company.
According to sources, Cerberus Capital Management LP, which like Fairfax financials is a private equity firm, apparently intends to sign a confidentiality agreement with BlackBerry so that it can obtain financial records of the company. The firm has earlier acquired falling companies like Chrysler and may give Blackberry a shot at a higher quote than $4.7 billion.
Interestingly, sources also claim that there is a third firm which has also been showing interest in Blackberry recently but has not yet publically announced its interest. And if that is not enough, former RIM founder and co-CEO Mike Lazaridis who owns 5.7 percent stock in Blackberry is apparently intending on joining up with another company to make a bid for BlackBerry, or working with Fairfax on its bid.