BlackBerry talks to Facebook about possible buy-out | RetailDetail

BlackBerry talks to Facebook about possible buy-out

BlackBerry talks to Facebook about possible buy-out

Blackberry’s board has gone to California last week to see whether Facebook would be willing to purchase the ailing Canadian smartphone producer. So far, it is unclear how Facebook reacted to the enquiry.

Facebook's very own smartphone

The talks highlight the rumour that Facebook wants to create its very own smartphone. Mobile telecommunications is becoming increasingly important for the internet giant: half of its revenue already comes from ads geared towards wireless appliances, making the company reliant on hardware producers like Apple.

 

Releasing its very own smartphone would enable Facebook to circumvent the hardware producers and allow the company to gather consumer data itself.  CEO Mark Zuckerberg has pointed out that Facebook does not intend to create its own smartphone, but a buy-out is not off the table - with Blackberry being an interesting target.

 

No clarity on Blackberry's future

There might be others interested in a possible purchase, with Lenovo, Blackberry’s founder Mike Lazaridis and former Apple CEO John Sculley considered to be possible buyers. Other sources indicate Google and Samsung.

 

Fairfax Financial Holdings, already Blackberry’s majority shareholder, has tabled a 4.7 billion dollar (3.4 billion euro) offer in an attempt to remove the company from the stock market. That offer may become a guideline for other offers, with Blackberry hoping reach a decision in November.

 

 

(Translated by Gary Peeters)

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