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Why didn’t Facebook buy BlackBerry and save $11-billion?

Facebook Inc.’s Mark Zuckerberg could have paid a 50 per cent takeout premium for BlackBerry Inc., got similar global reach in messaging through the company’s BlackBerry Messenger (BBM) service, and saved more than $11-billion (U.S.). So why didn’t he?

BlackBerry is not a perfect fit for Facebook. New management would be faced with the same difficult strategic dilemmas, severance costs, and poor brand perception that current CEO John Chen has to deal with now. It’s also possible (although not probable, in my opinion) that the Canadian government would have concerns about foreign ownership of a former flagship Canadian company.