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Microsoft Is The Top Contender For The Big Blackberry Buy

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Blackberry, a company that has made a mark for itself in the smartphone market worldwide, seems to be a potential buy for quite a few Silicon Valley giants. At the moment, both Apple  and Microsoft are locked in a race to acquire it, with the latter looking the more determined, according to Learnbonds.
A few weeks ago,  the Blackberry share price jumped on rumors that Tim Cook was going to buy the company, but the upsurge was short-lived, and it soon slumped.

Christianpost reported on the rumors which seem to have priced the deal at $7 billion. It mentions too that other companies including Huawei, Lenovo, and Xiaomi Technology may have an interest in acquiring it.

Blackberry is valued around  $5.5 billion, but the potential Microsoft offer is rumored to be as high as $7 billion because Microsoft’s enterprise security software might be able to increase its business customers base, while the BBM messaging platform could help the company gain a foothold in this market.
However, despite the higher than market price offer by Microsoft, experts doubt if it would be enough to convince Blackberry’s board. Mr. Chen’s hopes seem to be pretty high at the moment, backed by a positive fourth quarter in the last year.
Furthermore, no one seems to be very sure if Blackberry is indeed up for sale. It was in 2013, but there were no takers. However, CEO John Chen worked hard to bring the company back in the green zone, by coming up with a positive profit figure in the last three months of 2014, a sigh of relief for the troubled smartphone giant. This nice little revival has caught the eye of many cash-rich companies, including the likes of Microsoft and Apple.
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Warren Simons