Blackberry strives for a sale before November - observers

By Rizza Sta. Ana

Sep 05, 2013 12:59 PM EDT

Blackberry would be expected to attract possible bidders on Thursday. According to stocks news site MarketWatch, the Canadian mobile gadget developer's shares rose to 5.3% after new developments on Blackberry's impending takeover broke on Wednesday. Investor interest in the Blackberry sale may not have waned yet. However, its shares climbed only 3.5% in premarket trading the next day.

Sources who were close to the sale process said that financial players like Canada Pension Plan Investment Board and Bain Capital were expected to place their bids soon. One of the sources also revealed that the Blackberry takeover may include more than one buyer.  

In the meantime, Blackberry would not be looking for some mobile phone makers for a possible bid. Reuters earlier crossed Huawei out as a potential bidder after its Senior Vice President Chen Lifang said the company wants to depend on itself. Lenovo did not provide any comment on a possible Blackberry bid, but had indicated that there would be a possibility should the takeover fits in its company's strategy. Blackberry might be off the table for Microsoft, as the latter recently bought Nokia's handset business, but pundits had said otherwise that the Washington-based tech company may consider placing a bid on Blackberry.

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