Feeds

Psst, hey... Facebook, wanna buy BlackBerry? Aw well, it was worth a try

Secret talks rumored as buyout deadline looms

Intelligent flash storage arrays

Bosses from ailing smartphone-maker BlackBerry have been in talks with FACEBOOK about a possible buyout, industry insiders claim.

The Canadian firm's top brass flew to California to discuss a potential bid from the social network, according to Wall Street Journal, although neither tech biz was willing to confirm the talks publicly.

BlackBerry agreed to a buyout plan proposed by a consortium of Canadian investors led by Fairfax Financial Holdings last month, but said it would entertain other offers during a due-diligence period that ends on November 4.

It's not clear whether Facebook showed any interest in pitching an alternative deal, but the two companies do share some common ground. Facebook has been placing increasing emphasis on mobile users of late, and it even went as far as to offer a much-derided and quickly withdrawn smartphone product earlier this year.

What's more, BlackBerry has BlackBerry Messenger (BBM), the mobile messaging-cum-social networking service that is widely thought to be one of the Canadian company's most valuable assets, in light of the collapse of its smartphone hardware business.

BBM has been losing ground to rival messaging services such as WhatsApp, but it still has a stronger market share than Zuck & Co's upstart Facebook Messenger.

Still, if BlackBerry execs made their case for a Facebook buyout, there are no signs that the social network took the bait. Either way, we'll know the fate of the onetime smartphone leader soon enough; the deadline for alternatives to Fairfax Holdings' proposal expires this coming Monday. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
prev story

Whitepapers

A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.