Facebook and BlackBerry talking bid, WSJ says

Tuesday, 29 Oct 2013 | 3:48 PM ET
Daniel Acker (L) | Simon Dawson (R) | Getty Images

An executive team from BlackBerry met with Facebook last week to check the social network's interest in a potential bid, The Wall Street Journal reported Tuesday, citing sources familiar with the matter.

It remains unclear if Facebook is considering bidding for the smartphone maker. Both companies declined to comment, according to the newspaper.

A sharp revenue decline and mounting losses pushed BlackBerry to accept a tentative $4.7 billion offer on Sept. 28 from a consortium led by Fairfax Financial Holdings.

BlackBerry has entered a six-week shopping period to solicit other offers. The period ends next week.

Why Lenovo wants a bite of Blackberry
Kim Nam Hyung, Managing Director at Arete Research Asia, says Lenovo is interested in Blackberry's intellectual property as it looks to grow outside China.

BlackBerry has been talking to other companies as well. Chinese computer giant Lenovo Group has show interest in a possible bid, and BlackBerry signed a nondisclosure agreement with private equity firm Cerberus earlier this month, the WSJ said.

(Read more: Cerberus is interested in BlackBerry: Reports)

Securities and Exchange Commission filing showed that BlackBerry co-founders Mike Lazaridis and Douglas Fregin are also weighing making a bid, the Journal said.

To read the full story in The Wall Street Journal, click here.

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