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BreakingTT: Facebook looking to acquire BlackBerry says the WSJ

Facebook met with BlackBerry last week to discuss buyout, could the social network finally get its own phone? (NASDAQ:BBRY, NASDAQ:FB)

| Business, Financial & Legal News | Posted: Jan 1, 1970 12:00 am

This afternoon, the Wall Street Journal has reported that last week BlackBerry executives met with officials from Facebook in order to gauge interest in a potential acquisition bid for the Canadian smartphone maker. The details are unclear at the moment, and no one is really clear if Facebook is serious about buying the failing company or not.

 

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With BlackBerry jockeying for a sale by the end of November, Facebook could stand to buy the company at a very good price and turn it around into a Facebook branded smartphone manufacturer. Mark Zuckerberg has expressed on many occasions that the key to the social network's continued success is to get it onto as many smartphones as possible. What better way to do that than to own a smartphone company?

NEWS SOURCES:Online.wsj.com

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