- Sources tell Reuters plenty of tech companies expressed interest in buying parts of BlackBerry (BBRY +1.1%), but were shot down by a board that felt a breakup "did not serve the interest of all stakeholders, which include employees, customers and suppliers in addition to shareholders."
- Reuters is now reporting Microsoft and Apple were interested in BlackBerry's patents, and past reports have claimed Lenovo, Cisco, Intel, and Google were interested in part or all of BlackBerry. Ottawa reportedly turned Lenovo away due to security concerns. Also, John Sculley has said he was lining up a bid before BlackBerry announced its $1B, Fairfax-led, debt deal.
- The report comes as BlackBerry discloses its financing deal comes with a breakup fee that could range from $135M-$250M (depending on the circumstances). The company has also disclosed new chairman/interim CEO John Chen is being given $85M worth of restricted stock units (vesting over five years) as part of his compensation package.
BlackBerry reportedly shot down breakup offers
Nov 8 2013, 15:26 ET