Deals
BlackBerry Faces Breakup in ‘Bizarre’ Sale, Fund Says
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BlackBerry Ltd. will probably be broken up amid a “bizarre” bidding process that makes it hard to value the smartphone maker, according to a Canadian pension fund that’s considering an offer.
“It’s the most bizarre sales process I’ve seen in a long time,” Alberta Investment Management Corp. Chief Executive Officer Leo de Bever said this week in an interview. “We’re looking at it, but nobody’s come to us with a proposal that makes any sense.”