Veritas Private Equity Firm Offers Takeover Bid for BlackBerry

Private equity firm Veritas Capital has made a takeover offer for Canadian software company BlackBerry, causing the company's U.S-listed shares to rise by about 17%. BlackBerry had previously announced a review of strategic alternatives, including the possible separation of its businesses. The details of Veritas' offer are currently unknown, and neither Veritas nor BlackBerry have commented on the matter. BlackBerry, known for its business smartphones, discontinued its smartphone business last year and has been attempting to sell its legacy patents related to mobile devices. In May, the company announced the sale of these patents to Malikie Innovations Limited for up to $900 million after a previous deal fell through.