Bloomberg News

Coller Said to Not Be in Talks With BlackBerry Bidders (Correct)

October 22, 2013

(Corrects role of Coller in BlackBerry bidding starting in first paragraph.)

Coller Capital, the private-equity firm founded by British financier Jeremy Coller, isn’t in talks with bidders about making an offer for BlackBerry Ltd. (BBRY:US), according to two people with knowledge of the situation.

Coller isn’t seeking to acquire 10 percent of BlackBerry’s patents or providing financing to potential bidders, said the people, who asked not to be identified because the matter is private. Shira Goldman, a spokeswoman for Coller in New York, didn’t immediately respond to a request for comment. Lisette Kwong, a spokeswoman for BlackBerry, declined to comment.

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), BlackBerry’s largest investor (BBRY:US), 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 BlackBerry’s books, while Lenovo Group Ltd. (992) has also expressed interest in a BlackBerry deal, according to people familiar with the matter.

To contact the reporters on this story: Olga Kharif in Portland at okharif@bloomberg.net; Hugo Miller in Toronto at hugomiller@bloomberg.net

To contact the editor responsible for this story: Nick Turner at nturner7@bloomberg.net


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Companies Mentioned

  • BBRY
    (BlackBerry Ltd)
    • $10.9 USD
    • 0.23
    • 2.15%
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