10-30-2013, 08:16 AM
While we have known that BlackBerry put itself up
for sale for some time now, and while we have also
known that there have been preliminary deals inked
to effect such a sale , company executives continue
to peddle BlackBerry’s wares in hopes to find
someone, somewhere, to shell out even more
money for the concern.
During this strategic review, where BlackBerry put
the “for sale” sign up, and began a process to lay-
off 40% of its workforce, executives cited that the
company would refocus on enterprise and the so-
called “prosumer” market for its products and
So, it makes perfect sense that a business oriented
outfit like that would want to check with a
consumer-centered company like Facebook right?
Facebook is on the record, and rightly so, that it has
no interest in being a hardware maker. Imagine the
climate at the world’s largest social networking site
if it had decided to build its own gear and debut
Facebook Home on an HTC First-style device.
Call it an act of desperation or simply the process of
covering all the bases, we are pretty certain it was
a combination of both and that this is a still a no-go.
The dichotomy between the two companies, never
mind cultures, cannot be overstated (could you
imagine a merger between the privacy
departments?). Hats off to BlackBerry for checking
the box however, as executives from the Canadian
icon met with Facebook last week.
The due diligence period for the offer from Fairfax
Financial ends next week and so far, it is the only
standing offer on the table to acquire BlackBerry in
whole (or in part for that matter). It is possible that
Lenovo or even BlackBerry’s founders, Mike
Lazaridis and Doug Fregin may be interested, but no
offers have been tendered.