Pension funds reportedly want nothing to do with BlackBerry buyout
BlackBerry is looking for a buyer but finding one may prove difficult. Unnamed sources tell The Globe and Mail that top BlackBerry shareholder Fairfax Financial has approached several large pension funds about investing in a BlackBerry buyout but that “none of the big funds have jumped on board with the idea, amid growing skepticism about the company’s ability to turn around falling sales.” The Globe and Mail’s sources also say that Fairfax is still undecided whether it wants to participate in any BlackBerry buyout or whether it will instead unload its stake in the company. The big picture seems to be that even though BlackBerry’s board reportedly has ambitions to sell off the company by November, its future still seems very much up in the air.
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This article was originally published on BGR.com
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