Lazaridis, Qualcomm reportedly mulling a joint bid for BlackBerry with Cerberus

Daniel Bader

November 1, 2013 4:07 pm

Back in September, Fairfax Financial wrote a letter of intent to purchase BlackBerry for $4.7 billion. In that letter, November 4th was given as a goal (but not a deadline) to complete the transaction.

At the same time, there have also been other interested parties. We know that former BlackBerry co-CEO Mike Lazaridis and his business partner Douglas Fregin have been trying to figure out how to raise enough capital to out-bid Fairfax. We also know that Cerberus Capital Management, a New York-based investment firm, was looking to do the same.

Now, the Wall Street Journal is reporting that both parties, Lazaridis and Cerberus, are trying to join forces in an attempt to become BlackBerry’s new owners. There are no specifics are to how they plan to raise the necessary funds to outbid Fairfax — itself also building partnerships with investment funds behind the scene — but we’ll likely find out on Monday.

In recent news, Facebook has also been in talks with BlackBerry about a potential acquisition, but the Lazaridis/Cerberus coalition seems to be the only true threat to Fairfax thus far.


Update – 4:51pm: Things are getting heated today. Apparently joining Cerberus and the co-founders of BlackBerry is Qualcomm. A quick tweet by CNBC states their sources believe “Qualcomm in talks to join Cerberus and BlackBerry co-founders on possible BlackBerry bid.” – IH


  • J-Ro

    Things are heating up.

  • Jehovah Witness

    THE LIZARD IS BACK!

  • Mike Oxlong

    Tick tock. Tick tock. The clock is about to stop. Somebody! Anybody! Stop the madness and save them!!! Lol
    They’ve only got hours til the plug is pulled.

    • Alejandro Díaz

      Hours till the plug is pulled? What are you smoking? They still have $2B in cash and no debt, November 4th is only the end of the due diligence time for the Farifax deal.

      Get your facts straight.

    • dr evil

      Give it a rest bb fani. They’re cooked and golden brown now.

    • Alejandro Díaz

      Give it a rest BB hater, my phones are way better than yours :)

    • Mike Oxlong

      They have medicationand doctor support for your delusional illness. Perhaps you should look into it? Just sayin.

    • Alejandro Díaz

      Personal attacks, sure that will prove me wrong. *hugs*

    • Mike Oxlong

      You don’t hug men (or boys for that matter). What’s wrong with you Fez (or do I really have to ask)?

    • Alejandro Díaz

      What are you homophobic or something? Because I find nothing wrong with a virtual-ironic hug LOL

    • skeezer

      You do look pretty fruity there bud. And not in a good way either.

    • SuckyFuky

      You are happy fairy, like most bbry fanatics.

    • Alejandro Díaz

      Again personal attacks, you really proved me wrong this time *shrugs*

    • skeezer

      Silly phaggot, diks r for chicks.

    • Alejandro Díaz

      You sir are a poet LOL, I really hope you are trolling though

    • Wadeep Singh

      Hi Babe! RIM/BlackBerry/Whatever died a brutal death.

      All that is left now is the patents.

    • stephane

      Well im going to be honest what blackberry can stand up to any android flagship (which Dr evil most likely owns). The HTC one knock’s out and rapes the Q10 and the Z10 in every way Especially software wise. On BB10 how many apps can you access A little more over 100,000 on android you the option of more then 780,000 app’s which is an old figure and they are they are higher quality app’s. Even IOS device’s beat the BB10 flagship’s (its a shame that I said that but its true)

    • Alejandro Díaz

      Yeah sure, HTC rapes BlackBerry lol, yeah most of Android apps aren’t just spammy/crappy apps LOL

    • Josh Brown

      Didn’t they just burn through a billion dollars in less than a year? And what bank would loan them money with the uncertainty of the business?

    • Mike Oxlong

      In a little over a quarter, not a year.

    • Stephen_81

      They didn’t burn through a Billion dollars, they had a Billion dollar write down. very different. their cash position in Sept2012 was 2.3Billion their cash position in Sept 2013 was 2.6Billion

      But I don’t expect anyone to actually read or understand facts, all the news you need comes from headlines designed to attract page hits.

    • Alejandro Díaz

      These guys don’t really understand facts.

    • iPlunks

      How good is that reserve gonna be if they are out the hardware game?

    • Alejandro Díaz

      Who said that they’re out of the hardware game? And even if they were, you know who was out(and mostly still is) of the hardware game too? Google, they’ve been doing ok though.

    • iPlunks

      My point is thst eveyone says “brry has X amount of money their reserve” as to say not to worry about us. Well the same ppl were talking about how they have 60million bb users for years. Alot of good that statment made.

  • gommer strike

    Time goes by so slowly for those who wait
    No time to hesitate
    Those who run seem to have all the fun
    I’m caught up
    I don’t know what to do

    Time goes by so slowly
    Time goes by so slowly
    Time goes by so slowly
    I don’t know what to do

    • Ak

      wat.

  • beyond

    who’s with me? lets make a bid! We have the weekend to come up with just over 4.7 billion….lets go!

  • beyond

    who’s with me? lets make a bid! We have the weekend to come up with just over 4.7 billion….lets go!

    • Charlie Gaziano

      With a kickstarter anything is possible! ;D

  • Jerry S

    Qualcomm would be an interesting partner, at least the handset in theory should get the latest processors. Mike Lazaridis I am not sure if he is the guy to own Blackberry, I know he built the company but he is a software guy, what they need is strong management and direction as well as good products to compete and succeed in a market with Android and iOS. The company really needs to reinvent themselves, maybe take a different direction like IBM did.

    • Mike Oxlong

      That’s the only choice they have left for them. Get out of the consumer space in its entirery, and even perhaps completely remove themselves from the mobile market. QNX is a flexible RTOS. If they were smart they’d invest what little money they have left in taking the os into other emerging markets like vehicle infotainment and the likes. Or sell it and focus on server side mobile services (ala bbm). Mobile devices will be their downfall if they stick with it.

    • Stephen_81

      There would be no correlation with a Qualcomm joint bid and BlackBerry getting the latest processors.
      Qualcomm wouldn’t show BlackBerry preferential treatment by giving them samples early as it would risk relationships with companies like HTC, and Samsung.
      If anything a Qualcomm partnership would help the likes of Samsung/HTC because Qualcomm and Ceberus would want to see return on investment in the short term so licensing BlackBerry’s patents like their Antenna technology would be a top priority.
      Qualcomm coupled with BlackBerry make the best Antennas Motorola is a close second when coupled with Qualcomm.

  • Acer12345

    Oh snap(dragon)!

  • rd0t

    Interesting indeed. Surely if a company like Qualcomm is joining the bid for BlackBerry, they obviously see value in the company. BlackBerry fanboys aren’t praising the company for nothing. That’s right haters, the very company that powers your current smartphones wants BlackBerry while you all want BlackBerry to die.

    Think about that for a second..

    • Wadeep Singh

      LOL RIM//BlackBerry/whatever is dead. Their phones are complete garbage that no one wants to buy.

      Qualcomm wants the patents, that is all. If this is even true, they’d gut the dead corpse for the patents and let the rest rot.

      COME! LET US DANCE ON RIM/BLACKBERRY/WHATEVER’s GRAVE AND CELEBRATE THEIR SHORT AND PATHETIC LIFE!

      COMMENCE THE DANCE MACABRE!!!

    • Alejandro Díaz

      Keep saying that to yourself LOL, did BlackBerry rape you and your family?

    • Mike Oxlong

      You need help rdot, and years of it to boot.

    • rd0t

      Every useless comment you post is in a BlackBerry thread. If anyone needs help, it’s you. Give it up.

    • Mike Oxlong

      Oh, so exactly like you then (only shilling for bb and nothing else). Mental case, you’re the one who needs a smack upside the head.

  • Stephen_81

    I REALLY want to see Mike Lazaridis back at BlackBerry. But I don’t really want to see Cerberus involved, and when I think WHY qualcomm would get involved all I see is BlackBerry patents being licensed off to other hardware makers or Qualcomm using them to improve their radios.

    In my perfect dream as a BlackBerry user, Mike L comes in with private financing that doesn’t require him to license out BlackBerry tech for fast return on investment.
    Mike Replaces the C levels and actually focuses the company back to their Enterprise roots. Stop flirting back and forward between consumer / enterprise and calling it prosumer. make the Servers the BEST available and provide hardware for people who want integrated solutions.

    BlackBerry can address the consumer market through BBM, and Automobile and eventually once the Enterprise house is back in order try another consumer facing device like when they launched the Pearl and Curve models.

    They don’t need to be among the biggest global players they need to be a lean small management company with hardware for those that want specifically what BlackBerry does well.

    That would be my hope.

  • PT

    These two scumbags should be in jail for fraud by now. What happened to the justice systems?

  • Jagdeep Singh

    Sad to see the amount of hatred for the company specially among Canadians. They are going out of their way to say bad things about blackberry. They make nice phones, Top notch security. US want the company dead because they are not able to Hack into them. Thats why they have bought the media to Let blackberry down. King the maker of Candy crush is going for IPO & Wall street thinks its worth 5 Billion yes you read it correctly. This company has patents a great OS , Amazing security features best on class mobile management software. But still so much hate. Shame on you Canadians

  • Steven Clarke

    I wouldn’t be surprised down the road if the BOD and their thieving CEO are convicted of criminal charges. the sooner this company dies, the better it is for everyone.

    • SuckyFuky

      Still wont stop these diehard blackberry fannygirls from wanting to suck cocklick like they do.