TORONTO – The Wall Street Journal is reporting that BlackBerry Ltd. executives went to California last week to gauge Facebook Inc.’s interest in making a bid for the struggling smartphone company.
The newspaper said BlackBerry (TSX:BB) and Facebook (Nasdaq:FB) declined to comment on the report, which the Journal says was based on unidentified sources familiar with the matter.
The story — which provided no details about what happened as a result of the initiative — speculates BlackBerry or its technology could be used to cater to Facebook’s mobile users.
BlackBerry is publicly supporting a conditional takeover offer from Toronto-based Fairfax Financial Holdings Inc. (TSX:FFH), it’s largest shareholder, but both sides have room to make changes.
There’s speculation that Fairfax may amend aspects of its proposal or another potential buyer for BlackBerry could emerge.
Looking for more?
Get the best of Maclean's sent straight to your inbox. Sign up for news, commentary and analysis.