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Blackberry suitors looking at piece meal acquisition deals

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ANI Washington
Last Updated : Sep 17 2013 | 12:15 PM IST

BlackBerry's decision to sell off the business is experiencing moderate response but a few of the potential buyers actually want to acquire the sinking business.

Buyers are keen to acquire parts of the Canadian smartphone manufacturing company, instead of the entire business.

According to Fox News, private-equity firms are interested in BlackBerry's operating system and patents surrounding its keyboard.

BlackBerry spokesperson reiterated that the company is exploring strategic alternatives to enhance value and does not intend to disclose further developments unless and until a transaction is approved.

Earlier reports also indicated that the business might as well be acquired by billionaire Prem Watsa, who is known as Canada's 'Warren Buffett', and is also the company's largest shareholder.

BlackBerry's services business is expected to fetch 3 billion dollars to 4.5 billion dollars, while its collection of patents has been valued at 2 billion dollars to 3 billion dollars.

The report added that the company's pieces could be worth more than its current market capitalization of about 5.39 billion dollars.

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First Published: Sep 17 2013 | 12:07 PM IST

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