Lazaridis to team-up with Qualcomm and Cerberus Capital Management over a joint bid for BlackBerry

Lazaridis to team-up with Qualcomm and Cerberus Capital Management over a joint bid for BlackBerry

BlackBerry saga continues and yet again it involves former BlackBerry co-CEO Mike Lazaridis. The rumor suggests that Lazaridis will team-up with Qualcomm and Cerberus Capital Management to make a joint bid for the struggling smartphone maker. The three parties are looking to raise enough cash to out-bid Fairfax Financial’s offer of $4.7 billion.

Qualcomm on its end could benefit from the success of BlackBerry which is already using its processors and would supposedly continue to do so in the future. The chip maker is facing increasing competition from Far East rivals like MediaTek and Allwinner, as well as NVIDIA and Intel. Additionally, the world’s biggest vendors are either already using their chips (like Samsung, Apple and Huawei) or plan to do so in the years to come (LG, ZTE). With BlackBerry on its side, Qualcomm could count on a relatively stable demand for its SoCs… presuming BlackBerry manages to get back to the game.

On the other hand, Lazaridis wants to see its child regaining some of the lost market share, and he could bring the much needed passion back to the business. The next few days (or weeks) will give us the answer whether these folks manage to acquire the Canadian company or not…

[Via: MobileSyrup]

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