Veritas is considering takeover offer for BlackBerry, sources say

financialpost.com:

Private-equity firm Veritas Capital Fund Management LLC is considering a potential offer for BlackBerry Ltd., the once iconic Canadian technology company that has been reviewing its options.

Veritas is interested in acquiring all of the company, the people said, asking not to be identified because the matter is private.

Talks are early and Veritas could still change its mind on an offer, the people cautioned. Other suitors are also interested in the whole or parts of BlackBerry, the people added.

Representatives for Veritas and BlackBerry did not immediately respond to requests for comment.

In May, the company announced it would review its portfolio of businesses and consider strategic alternatives to boost value for shareholders. It said alternatives include a possible separation of some businesses.

Shares in BlackBerry were briefly halted on Aug. 25.

BlackBerry has a unit that makes cybersecurity software that has faced stiff competition, according to Bloomberg Intelligence, as well as “Internet-of-Things” products that are higher growth and used by the auto industry.

New York-based Veritas acquired data energy firm Wood Mackenzie earlier this year and is also participating in the pending buyout of Syneos Health Inc.