Shares of BlackBerry Ltd. rose Monday on a report that the company is in sale talks with a handful of companies.
Reuters reported Friday that the struggling smartphone maker was holding discussions with Cisco, Google and SAP about a possible sale of all or part of itself. According to Reuters, BlackBerry has asked for preliminary expressions of interest from buyers, including Intel Corp., LG and Samsung, by early next week.
BlackBerry released a statement Monday declining comment on the specific report.
But Blackberry noted that its special committee along with independent financial and legal advisers “is conducting a robust and thorough review of strategic alternatives.”