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BlackBerry in touch with Facebook to discuss potential buyout

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ANI Washington

BlackBerry executives have met with Facebook last week to gauge its interest in a potential bid for the struggling smartphone-maker.

It remains unclear whether Facebook is interested in placing a bid, AllThingsD reports.

Spokesmen for both companies declined to comment.

BlackBerry co-founders Mike Lazaridis and Douglas Fregin had earlier decided to make an offer for the sinking smartphone manufacturer.

The founders have a combined 8 percent stake in company and have confirmed filing with the Securities and Exchange Commission (SEC) for the offer.

The sinking smartphone manufacturer reported losses nearing 1billion dollars last quarter and announced a 40 percent job cuts globally after losing battle in the industry against rivals like Apple and Samsung.

 

BlackBerry is currently soliciting bids after agreeing last month to a tentative 4.7billion dollar offer from its largest shareholder, Fairfax Financial, and has until 4 November to consider other proposals, the report added.

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First Published: Oct 30 2013 | 1:13 PM IST

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