Thursday, October 31, 2013

Now Facebook Joins List Of Potential BlackBerry Buyers

Facebook seems to be the newest in the line of prospective BlackBerry buyers. According to recent reports, there have been many suitors for the position, including Lenovo, Mike Lazardis and John Sculley. The bids for the company started after the $4.7 billion buyout deal with Fairfax Financial. The possibility of Facebook being interested in the erstwhile smartphone giant had originally been reported by the Wall Street Journal (WSJ). 
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According to the WSJ report, the social networking giant had a meeting with the makers of the new BlackBerry Z30 this past week. The
meeting was reportedly held to discuss a potential deal between the two companies. According to reports, the companies have time till 4 November (Monday) before the due diligence is conducted about the BlackBerry-Fairfax deal.

Facebook’s interest in the smartphone maker is no surprise since the social networking company has tried to enter the smartphone’s segment before. Facebook’s recent Facebook Home and Facebook branded devices in collaboration with companies like HTC have not really picked up in the market though.

Blackberry’s patent portfolio is estimated to be priced netween $1 billion and $3 billion, while the company has $2.26 billion in cash and comes without any debts.

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