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Qualcomm in Talks to Bid on BlackBerry with Cerberus, BlackBerry Co-Founders

by Todd Haselton | November 1, 2013November 1, 2013 2:00 pm PDT

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BlackBerry is certainly doing well as it shops around for a potential buyer. Fairfax Financial was the first firm to drop in a potential bid for the company, though others including Lenovo, Google, BlackBerry co-founder Mike Lazaridis, Cerberus and possibly even Facebook have expressed some sort of interest, either on or off the record. Now, Qualcomm is reportedly tossing its hat in the ring.

According to CNBC, Qualcomm is in talks with BlackBerry co-founder and former CEO Mike Lazaridis and another firm, Cerberus, on a potential bid for the troubled smartphone maker. Qualcomm is a giant in the tech landscape and provides chips for a large percentage of smartphones on the market. The firm’s Qualcomm Snapdragon 800 chip, for example, powers a majority of today’s flagship Android smartphones. It seems likely Qualcomm would want to buy BlackBerry for its intellectual property.

It’s unclear if Qualcomm will place a bid, or if it has already entered into a non-disclosure agreement to look over BlackBerry’s books, as Fairfax Financial and Lenovo have.

CNBC

Todd Haselton

Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...

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