BlackBerry reportedly in sale talks with Google and Cisco


The Canadian manufacturer has also asked for preliminary expressions of interest from rival manufacturers LG and Samsung, a report from Reuters claims

BlackBerry is in talks with several companies including Google, Cisco, LG and Samsung over selling parts of its business, according to a report by Reuters.

The Canadian manufacturer announced it was up for sale in August and has since signed an agreement with financial holdings company Fairfax Financial which could see it sold for $4.7 billion (£2.9 billion) next month – unless it finds a better offer.

According to Reuters, BlackBerry is in talks with Google, Cisco and German software company SAP, which could see it’s secure network and patent portfolio broken off and sold.

It has also asked for preliminary expressions of interest from Intel, LG and Samsung, the report said.

According to analysts, BlackBerry’s patent portfolio could be worth $2 billion (£1.2 billion) to $3 billion (£1.9 billion) and its its services business (BlackBerry Enterprise Server) between $3 billion (£1.9 billion) and $4.5 billion (£2.8 billion).

However, a company filing has revealed BlackBerry’s patent portfolio and licensing agreements are likely to halve in value over the next 18 months.