TORONTO — BlackBerry, the struggling smartphone maker looking to sell itself, has drawn interest from private-equity firm Cerberus Capital Management, says a person with knowledge of the matter.Cerberus is looking to sign a confidentiality agreement with BlackBerry that would give it access to additional financial data, said the person, who asked not to be identified because the negotiations are private.Cerberus’s interest in BlackBerry, which may not lead to a bid, was reported earlier by the Wall Street Journal.BlackBerry’s largest shareholder, Fairfax Financial Holdings, made a tentative offer on September 23 to buy the company for $4.7bn, saying it was leading a group of investors.Fairfax did not disclose the name of its partners and the company had not yet lined up financing, raising concern that the deal would fall through.Cerberus would bring expertise in dealing with troubled companies. The New York-based firm — which manages more than $20bn in assets — invested in car maker...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.