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Thursday, October 03, 2013
Cerberus Capital Eyes BlackBerry

Struggling smartphone maker BlackBerry Ltd. has drawn interest from private-equity firm Cerberus Capital Management LP, according to a reports.

Cerberus's interest in BlackBerry, which may not lead to a bid, was reported earlier by the Wall Street Journal and today by Bloomberg.

BlackBerry's largest shareholder, Fairfax Financial Holdings Ltd., made a tentative offer on Sept. 23 to buy the company for $4.7 billion, saying it was leading a group of investors.

BlackBerry declined to comment.

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