Stock Buzz: BlackBerry Limited (BBRY) Shares Jump On Possible Bids From Cisco, Google & SAP

Category: Markets / Finance / Oct 07, 2013 10:28AM EDT
BlackBerry Limited (BBRY) shares jumped in morning trading on Monday after Reuters reported the smartphone maker is in talks to sell parts of itself to Google Inc. (NASDAQ: GOOG), Cisco Systems Inc. (NASDAQ: CSCO), and SAP. The news comes as BlackBerry agreed weeks ago to be acquired by major shareholder Fairfax Financial for $9 a share in a deal worth $4.7 billion.The Google, Cisco, and SAP possibility has emerged as an alternative to a planned buyout by Fairfax Financial.
On Monday, shares of BlackBerry jumped 4.23 percent to $8.02 in morning trading.
Video Credit: Reuters