Cerberus fund interested in BlackBerry bid

GMT 20:33 2013 Wednesday ,02 October

Arab Today, arab today Cerberus fund interested in BlackBerry bid

Arab Today

The private equity firm Cerberus has expressed interest in a bid for troubled Canadian smartphone maker BlackBerry, a source familiar with the matter said Wednesday. The source indicated that the big investment group was preparing to sign a confidentiality agreement to examine BlackBerry's finances for a possible counter-offer to a $4.7 billion buyout plan agreed last month.

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