BlackBerry Ltd executives flew to California to meet with Facebook Inc last week to gauge its interest in a potential bid for the struggling smartphone-maker, according to a Wall Street Journal report citing people familiar with the matter. It remains unclear if Facebook is interested in placing a bid. Both companies failed to comment on the WSJ report.Any deal would be an alternative to a tentative $9 a share offer from a consortium led by its largest investor, Prem Watsa's Fairfax Financial Holdings Ltd, which wants to purchase BlackBerry for $4.7 billion and take it private.Other companies are also taking a look at the company's books to decide whether to make an offer, according to industry sources.
Facebook, Inc. (Facebook) is engaged in building products to create utility for users, developers, and advertisers. Shares of FB fell by 1.12% or $-0.562/share to $49.67. In the past year, the shares have traded as low as $17.55 and as high as $45.62. On average, 59586400 shares of FB exchange hands on a given day and today's volume is recorded at 78829304.
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