Shares in BlackBerry, the smartphone maker, have risen after a report that private equity firm Cerberus was considering a bid.
Cerberus specialises in distressed companies and is understood to have asked to look at BlackBerry's accounts in order to gather the information needed to make an offer.
The firm, whose interest was first reported by the
BlackBerry publicly put itself up for sale this summer after a failed turnaround bid by its chief executive,
A preliminary agreement to sell the company for
BlackBerry's shares traded up on news of interest from Cerberus, closing up
A spokesman for the company said: "We do not intend to disclose further developments with respect to the process until we approve a specific transaction or otherwise conclude the review of strategic alternatives."
Heins launched a new generation of BlackBerry phones in January, but the innovation left consumers cold. While many BlackBerry loyalists still prefer its physical keyboard to touchscreen machines, developers have not embraced the new BB10 devices, meaning many popular games, social and media applications are not available on the phones.
In 2011, BlackBerry still accounted for 14% of all smartphone sales worldwide, but according to industry analyst IDC its share had fallen to 3% by the second quarter of this year.
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