BlackBerry Ltd under hammer, after the company accepted to sold in part, analyst suggests

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Geoff Knight By Geoff Knight | GeoffKnight@fiscalinsider.com The Post-Standard
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on September 17, 2013 at 10:09 am

Last month BlackBerry Ltd (NASDAQ:BBRY) has announcing that it is looking into possible bidders for its company that could venture in it or buy it or selling a part of its business.

According to the report of Reuters, a source has verified to them that a few companies are kicking the BBRY’s tires, evaluating its assets and financials as they are looking into the qualities of a potential acquisition. But it seems, a small number of companies, care to purchase the company completely.

But overall it seems that many private equity firms are interested in pieces of its business, especially the most profitable and trendy brands of the company. Like BlackBerry Messenger, its patent portfolio and its secure messaging platform, but not looking into it’s less attractive assets likes’ newer BlackBerry 10 operating system.

According to the report from AllThingsD has reported earlier this year, that the company secure-messaging and services business is estimated to be worth between $3 billion to $4.5 billion by analysts. If we accumulate the company’s $3.1 billion in cash and investments will go beyond its present $5.374 billion market value. The website also estimated the company’s patent portfolio as approximately between $2 billion and $5 billion, depending on whether they’re bought by a single purchaser or bought by a group of companies in some kind of cross-licensing agreement.

But BlackBerry Ltd is in a bid hurry, as it wants the deal to close ahead of a November quarter. According to Brian Blair, analyst from Wedge Partners said in his comment while speaking on BBRY selling issue, the smartphone company may be prepared to accept to breaking itself up and divide the company into the chunks, as many potential investors are looking into its different parts according to their interest. The analyst also specify that many of the interested parties will looking into its value in the patents, hardware/manufacturing, but the company will received a little interest in the newer BlackBerry 10 operating System. He also suggest that the hurry is the result of its November and February quarters, which is expected to show meaningful stir, and that will lead to the decreased in the price in a sale. BlackBerry Ltd (NASDAQ:BBRY) shares up 0.34% to $10.31 in last trading session.