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RumorTT: Qualcomm to acquire BlackBerry

RumorTT: Qualcomm to acquire struggling Canadian phone maker BlackBerry (NASDAQ:QCOM, NASDAQ:BBRY)
| Business, Financial & Legal News | Posted: Nov 2, 2013 2:45 am

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.

 

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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.

NEWS SOURCES:Stream.wsj.com

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