BlackBerry Ltd. is about to go onto the chopping block and at the last minute it seems that three powerful sources are joining up to make a bid for the struggling Canadian phone maker.
Co-founders of Resarch in Motion, Mike Lazaridis and Doug Fredin are reportedly in talks to make a joint big with Qualcomm and Cerberus Capital Management LP. If this does happen, it could quickly shift the mobile landscape and introduce a strong new competitor for Google and Apple. Qualcomm has loads of cash ready to spend, with $11.5 billion ready, liquid investments and short-term securities as of June 30.
Qualcomm purchasing BlackBerry would be quite the blow to Samsung and Google, who feature Qualcomm-made SoCs in most of their Android-based smartphones and tablets.