<p>BlackBerry Ltd. (BB) will probably bebroken up amid a "bizarre" bidding process that makes it hardto value the smartphone maker, according to a Canadian pensionfund that's considering an offer.</p><p>"It's the most bizarre sales process I've seen in a longtime," Alberta Investment Management Corp. Chief ExecutiveOfficer Leo de Bever said this week in an interview. "We'relooking at it, but nobody's come to us with a proposal thatmakes any sense."</p><p>BlackBerry is soliciting rival bids after agreeing lastmonth to a tentative $4.7 billion offer from its largestshareholder, Fairfax Financial Holdings Ltd. (FFH) Under that pact,BlackBerry has until Nov. 4 to consider other proposals whileFairfax and a group of investors conduct due diligence and lineup financing. Investors have grown increasingly concerned thatthe current deal will fall apart, sending the stock under $8 --more than 10 percent below Fairfax's $9-a-share offer.</p><p>Fairfax Chief Executive Officer Prem Watsa, who steppeddown from BlackBerry's board in August in order to put togethera bid, hasn't named any of the other members in his buyoutconsortium. While the group is seeking funding from Bank ofAmerica Merrill Lynch and BMO Capital Markets, no financing dealhas been announced.</p><p><a href="http://www.bloomberg.com/news/2013-10-08/blackberry-faces-break-up-in-bizarre-sale-fund-says.html">Keep reading...</a></p><p>Read also:</p><p><a href="http://www.usatoday.com/story/tech/2013/10/10/tech-stocks-blackberry/2957991/">Tech stocks: BlackBerry shares slide, Netflix surges</a> (USA TODAY)</p><p><a href="http://venturebeat.com/2013/10/10/blackberry-breakup/">BlackBerry may wind up selling off limbs before going private</a> (VentureBeat)</p><p><a href="http://www.thestar.com/business/2013/10/08/feds_prepared_to_play_role_in_helping_blackberry_stay_canadian_clement.html">BlackBerry sale of encryption assets could face federal scrutiny</a> (Toronto Star)</p><p>Explore: <a href="http://news.google.com/news/more?ncl=dJmXyWqftO0dIFMjs6OTmI6EoBwuM&ned=us">76 additional articles.</a></p>