Veritas is considering takeover offer for BlackBerry, sources say
Canadian technology company has been reviewing its options
Private-equity firm Veritas Capital Fund Management LLC is considering a potential offer for BlackBerry Ltd., the once iconic Canadian technology company that has been reviewing its options.
tap here to see other videos from our team.
Veritas is considering takeover offer for BlackBerry, sources say Back to video
tap here to see other videos from our team.
Veritas is interested in acquiring all of the company, the people said, asking not to be identified because the matter is private.
Talks are early and Veritas could still change its mind on an offer, the people cautioned. Other suitors are also interested in the whole or parts of BlackBerry, the people added.
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles by Kevin Carmichael, Victoria Wells, Jake Edmiston, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles by Kevin Carmichael, Victoria Wells, Jake Edmiston, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
Don't have an account? Create Account
Representatives for Veritas and BlackBerry did not immediately respond to requests for comment.
In May, the company announced it would review its portfolio of businesses and consider strategic alternatives to boost value for shareholders. It said alternatives include a possible separation of some businesses.
Shares in BlackBerry were briefly halted on Aug. 25.
BlackBerry has a unit that makes cybersecurity software that has faced stiff competition, according to Bloomberg Intelligence, as well as “Internet-of-Things” products that are higher growth and used by the auto industry.
New York-based Veritas acquired data energy firm Wood Mackenzie earlier this year and is also participating in the pending buyout of Syneos Health Inc.
With assistance from Dinesh Nair and Kamaron Leach
Bloomberg.com
