1. MidnightSociety's Avatar
    Coller Capital, the private-equity firm founded by British financier Jeremy Coller, is in talks with multiple bidders to team up on an offer for BlackBerry Ltd. (BBRY), a person familiar with the discussions said.
    Coller will be putting up some financing as part of the bids, said the person, who asked not be identified because the talks are private. The firm, which buys and sells intellectual property, is seeking to acquire about 10 percent of BlackBerrys patents if it makes a deal, the person said.
    BlackBerry, which announced in August that it was entertaining bids, has drawn a number of interested parties though little in the way of concrete offers. Fairfax Financial Holdings Ltd. (FFH), BlackBerrys largest investor, signed a tentative agreement to acquire the smartphone maker for $4.7 billion last month -- without naming its buyout partners or showing that it has lined up financing. Cerberus Capital Management LP is looking at BlackBerrys books, while Lenovo Group Ltd. (992) has also expressed interest in a BlackBerry deal, according to people familiar with the matter.
    Coller, which has offices in London, New York and Hong Kong, is working with multiple parties to ensure that its part of a successful deal, the person with knowledge of the talks said. In addition to offering upfront financing, Coller may also share royalties from licensing the patents with the winning bidder, the person said.
    Stock Slump
    BlackBerry rose 0.6 percent to $8.30 at 10:12 a.m. in New York. The stock had fallen more than 30 percent this year through yesterday and remains well below Fairfaxs $9 per share offer price.
    BlackBerry co-founders Mike Lazaridis and Douglas Fregin, who walked away from management positions in the company in recent years, also are contemplating a bid. They said on Oct. 10 that theyre working with Goldman Sachs Group Inc. to explore the idea.
    Shira Goldman, a spokeswoman for Coller in New York, said the company doesnt comment on speculation about its investments. Lisette Kwong, a spokeswoman for Waterloo, Ontario-based BlackBerry, also declined to comment, as did representatives of Fairfax and Lenovo. Mike Sitrick, a spokesman for Lazaridis and Fregin, said the two men had no comment.
    Patent Interest
    The patents of interest to Coller cover technologies ranging from push notifications to messaging, according to the person. BlackBerrys intellectual property accounts for as much as 20 percent of the companys total value, the person said.
    Coller is known for investing in the private-equity secondary market, meaning it provides liquidity to other firms making investments in companies. Its investments have ranged from $1 million to more than $1 billion, according to the companys website. In 2012, Coller closed its sixth secondaries fund, Coller International Partners VI, with capital commitments of $5.5 billion. It was backed by almost 200 of the worlds leading institutional investors, the company said.
    BlackBerrys patents are valued at $1.6 billion to $3 billion, depending on how many of them have already been licensed out, according to analysts estimates. The patents cover similar ground as Apple Inc. (AAPL)s intellectual property, and much of the portfolio is only a few years old.

    Coller Capital Said to Be in Talks to Join BlackBerry Bid - Bloomberg
    10-22-13 12:03 PM
  2. KemKev's Avatar
    Cool; the more the merrier. Let's get that stock price up, even if it is slowly!
    MidnightSociety likes this.
    10-22-13 01:15 PM
  3. MidnightSociety's Avatar
    Funny. Not a lot of people are reporting on this or the success of BBM...

    Posted via CB10
    10-22-13 03:39 PM
  4. kevinnugent's Avatar
    Coller Capital would mean the business is broken up and sold in pieces. They want the patents. Nothing more.
    potatoguy, badiyee and qwerty4ever like this.
    10-22-13 06:54 PM
  5. MidnightSociety's Avatar
    I beg to differ. They look like they want to make profit off the patents but in return offer financing is how it reads.

    Posted via CB10
    10-22-13 07:41 PM
  6. kevinnugent's Avatar
    I beg to differ. They look like they want to make profit off the patents but in return offer financing is how it reads.

    Posted via CB10
    Coller Capital could join BlackBerry bidding to bag share of patents | AltAssets Private Equity News

    Most thinking here is that Coller is after some of the patents. What happens to the rest is immaterial to them. "interest in buying the company as a whole appears to be “tepid”.
    JeepBB and mathking606 like this.
    10-22-13 08:39 PM
  7. badiyee's Avatar
    I don't like these guys, or what's written on them. Sounds like "buy and break". Please god no.
    10-22-13 09:59 PM
  8. JasW's Avatar
    Funny. Not a lot of people are reporting on this or the success of BBM...

    Posted via CB10
    Probably because the whole story proved to be erroneous. Bloomberg corrected the story last night by putting "not" in front of half of the sentences in the article.
    10-23-13 12:31 PM
  9. birdman_38's Avatar
    10-23-13 01:13 PM

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