1. needforbbx's Avatar
    Video: AIMCO chief says will not be part of BlackBerry bid - BNN News

    The chief investment officer of the Alberta Investment Management Corp. isn't swayed by BlackBerry's roots. Leo de bever tells BNN he won't invest in the struggling smartphone maker just to save a Canadian company.

    De Bever says he needs a solid business plan, focused on delivering returns.

    He also says all the proposals for BlackBerry so far have been disappointing.

    The company's future was further thrown into question after it announced this summer that it is weighing its options, including an outright sale.

    Numerous media reports have said a number of potential suitors including Cisco Systems (CSCO-Q 22.71 -0.12 -0.53%), Google Inc (GOOG-Q 1030.42 -5.82 -0.56%) and SAP (SAP-N 78.8 -0.29 -0.37%) have talked to the company about selling all or parts of itself. Such a deal would be an alternative to a preliminary, $9-a-share offer by a group being led by BlackBerry's (BB-T 8.58 -0.19 -2.17%)(BBRY-Q 8.14 -0.17 -2.1%) biggest investor, Fairfax Financial Holdings Ltd (FFH-T 459.58 -9.93 -2.11%).

    AIMCo and the Ontario Teachers’ Pension Plan reportedly held preliminary discussions with Fairfax Financial about its bid.

    Earlier this month, BlackBerry co-founders Mike Lazaridis and Douglas Fregin also said that they are considering a bid to buy the Waterloo-based company.

    There are also reports that former Apple CEO John Sculley, who famously clashed with Steve Jobs, is exploring a bid BlackBerry. Sculley would not confirm the reports, but in an interview with BNN’s Howard Green earlier this month, he said he was both a user and a fan of BlackBerry and thought the company could be saved by a major change in management and an infusion of new technology. Click here to watch the interview.

    BlackBerry's products have struggled to compete against the likes of Apple Inc.'s (AAPL-Q 524.9 8.22 1.59%) iPhone and the numerous devices powered by Google's Android operating system.

    A new line of smartphones that run on the BlackBerry 10 operating system has also failed to re-ignite sales, prompting the company last month to announce that it would slash its global workforce by more than a third.

    -- with files from Reuters
    10-30-13 09:39 PM
  2. pkcable's Avatar
    Sounds like all those owners and GMs who give the coach a "vote of confidence" and deny he's being fired RIGHT before he's fired! Or vice versa right before a new coach gets hired, they always deny a deal is imminent
    silversun10 likes this.
    10-31-13 12:10 AM
  3. fin2007's Avatar
    No Canadian companies want bbry anyway, let's sell the company to lenovo.
    fedakd likes this.
    10-31-13 12:17 AM
  4. anon1727506's Avatar
    We heard about a lot of interest from different parties... but no one willing to stand up and say that are joining Fairfax or that they want to make a better offer. So we have to wonder how many of these parties are interested in BlackBerry as a whole live entity, and how many are just lining up to pick at the carcass once a deal is done.
    10-31-13 11:05 AM
  5. JasW's Avatar
    I thought this would be a good a place as any to announce that I will not be a part of any BBRY bid either.

    Sorry if I have disappointed you.
    10-31-13 11:08 AM
  6. rim4ever's Avatar
    the grapes are probably sour anyway...
    10-31-13 06:12 PM

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