Sunday 25 February 2018

Blackberry executives meet Facebook bosses in California as takeover speculation mounts

BLACKBERRY Ltd executives flew to California to meet with Facebook Inc last week to gauge its interest in a potential bid for the struggling smartphone-maker, according to a Wall Street Journal report citing people familiar with the matter.

It remains unclear if Facebook is interested in placing a bid. Both companies declined to comment on the WSJ report.

 

Any deal would be an alternative to a tentative $9 a share offer from a consortium led by its largest investor, Prem Watsa's Fairfax Financial Holdings Ltd, which wants to buy BlackBerry for $4.7 billion and take it private.

 

Other companies are also taking a look at the company's books to decide whether to make an offer, according to industry sources.

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