Facebook To Buy Blackberry? - Phones - Nairaland
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| Facebook To Buy Blackberry? by Olumidzti(m): 8:49pm On Oct 29, 2013 |
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 people familiar with the matter. It remains unclear whether Facebook is interested in placing a bid. Spokesmen for both companies declined to comment. Last month BlackBerry struck a preliminary deal to go private with Canadian insurer Fairfax Financial Holdings Ltd. FFH.T -0.91% for $4.7 billion, or $9 a share. The due diligence period for that deal ends next week, but BlackBerry and its advisers remain open to interest from other potential bidders. The deadline for other bids is Monday. BlackBerry does have other players circling. Earlier this month The Wall Street Journal reported that Chinese computer giant Lenovo Group Ltd. 0992.HK +0.12% was interested in a possible bid. And BlackBerry has signed a nondisclosure agreement with distressed asset specialists Cerberus Captial Management LP, people familiar with the matter have said. BlackBerry's co-founders, Mike Lazaridis and Doug Fregin are also weighing a bid, according to a Securities and Exchange Commission filing earlier this month. After years of seeing its share of the smartphone market erode, BlackBerry in August announced a wide-ranging strategic review that essentially put the company up for sale. The company wrote down nearly $1 billion in unsold smartphone inventory, and is in the process of cutting 40% of its staff. Source: The Wall Street Journal |
| Re: Facebook To Buy Blackberry? by seunlayi(m): 10:37pm On Oct 29, 2013 |
Business as usual. Very soon, it will be the turn of Nairaland to buy Facebook 1 Like |
| Re: Facebook To Buy Blackberry? by braine(m): 10:51pm On Oct 29, 2013 |
Someone should just save Blackberry`s asss please•  |
| Re: Facebook To Buy Blackberry? by Olumidzti(m): 2:17am On Oct 30, 2013 |
seunlayi: Business as usual. Very soon, it will be the turn of Nairaland to buy Facebooksurely man can dream. When 'll that be? |
| Re: Facebook To Buy Blackberry? by Nobody: 6:19am On Oct 30, 2013 |
facebook neva start to dey make money 4rm instagram whey dey buy, they don dey think of blackberry |
| Re: Facebook To Buy Blackberry? by Nobody: 7:15am On Oct 30, 2013 |
nairaland should buy blackberry.. |
| Re: Facebook To Buy Blackberry? by Olumidzti(m): 1:28pm On Oct 30, 2013 |
runzlord: facebook neva start to dey make money 4rm instagram whey dey buy, they don dey think of blackberrylet's just say Facebook is looking at future prospects... |
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