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Is Facebook also in the fray to buy BlackBerry?

Reuters

Last Updated: October 30, 2013, 13:28 IST

Is Facebook also in the fray to buy BlackBerry?

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.

Toronto: BlackBerry Ltd executives flew to California to meet with Facebook 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.Is

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

first published:October 30, 2013, 13:28 IST
last updated:October 30, 2013, 13:28 IST