Qualcomm in Talks to Join Cerberus and BlackBerry Co-Founders on Possible Bid

November 1, 2013 at 1:20 pm PT

Qualcomm Inc. is in talks to join a possible bid for BlackBerry Ltd. that is being spearheaded by two of the beleaguered smartphone maker’s co-founders, according to people familiar with the matter.

Qualcomm is contemplating joining private-equity Cerberus Capital Management LP, which is also in talks to join Mike Lazaridis and Doug Fregin, the BlackBerry co-founders who have said they are considering a bid as part of an auction of the company, which is expected to come to a head with a bid deadline Monday.

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Tagged with: BlackBerry, Cerberus Capital Management, Doug Fregin, Mike Lazaridis, Qualcomm, smartphones, WSJDN

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