Cisco, Google, Intel Among Potential BlackBerry Bidders

BlackBerry is up for grabs and the troubled Canadian handset maker is seeing interest from across the tech sector. The company is in talks with the likes of Cisco Systems, Google, SAP, Intel, LG and Samsung are selling itself -- or parts of itself.

At least thatEUs what Reuters is reporting in an EUexclusiveEU that cites EUseveral sources close to the matter.EU BlackBerry could not immediately be reached for comment.

The news comes after the companyEUs largest shareholder, Fairfax Financial Holdings, announced a $4.7 million deal to take the company private. That bid was criticized by some because financing wasnEUt announced as part of the deal.

Fairfax Primed the Pump

None of the potential bidders were immediately available for comment and several declined to comment to Reuters. The report didnEUt clarify which of the tech giants may actually bid on BlackBerry or what parts of the company they are eyeing.

We caught up with Avi Greengart, a principal analyst at Current Analysis, to get his take on the flood of interest. He told us that it appears the announcement of the Fairfax bid was the right move.

EUThe bottom line is that the deal that Blackberry struck with Fairfax Financial holdings was a placeholder. It was clearly designed to try to put a floor under the stock. Fairfax did not even line up financing when it made its deal, which is conditional on all kinds of factors. It can basically back out with no penalty,EU Greengart said.

EUThe hope is that BlackBerry will generate interest from other companies. The question is do others find enough value in the various pieces of BlackBerry or in the whole to justify a higher bid than $4.7 billion less the $2.6 billion in cash that BlackBerry has on its books?EU

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