Veritas Private Equity Firm Offers Takeover Bid for BlackBerry
Private equity firm Veritas Capital has made a takeover offer to acquire Canadian software company BlackBerry, which has seen a 17% increase in its U.S-listed shares. BlackBerry had previously announced a review of strategic alternatives, including the possible separation of its businesses. The details of the offer have not been disclosed, 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.