BlackBerry denies talking to Samsung about an acquisition

2 Comments

Credit: via Blackberry

Reuters reported on Wednesday that Samsung had “approached” BlackBerry about a potential takeover for as much as $7.5 billion. While a surprise, it wasn’t the most outlandish rumor: Both Samsung and BlackBerry are companies with big mobile divisions and significant interest in the burgeoning internet of things.

BlackBerry’s stock, naturally, spiked on the news, only to fall back a few hours later when [company]BlackBerry[/company] publicly denied the rumors in a press release: “BlackBerry has not engaged in discussions with Samsung with respect to any possible offer to purchase BlackBerry.”

BlackBerry’s stock shot up nearly 30 percent to $12.81 at one point this afternoon, but it had fallen to $11.49 in after-hours trading at the time of publication. The Reuters report said [company]Samsung[/company] was looking to purchase BlackBerry at a price range of $13.35 to $15.49 per share.

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2 Comments

jjj

“Both Samsung and BlackBerry are companies with big mobile divisions”

That was amusing, Blackberry has less than 800 million per quarter revenue and declining. Their device sales are pathetic (2 million last reported quarter ) and declining.They are just above 0.5% share in smartphone. Doubt BB is even in top 20 smartphone makers now, they aren’t top 15 for sure anymore with all the big China names and a few from India ahead of them (even Asus and Meizu sell more phones than them now).
While Samsung sells some 40 times more devices.
Their only real asset are the services and maybe Samsung wouldn’t mind the OS.

JenniferDawn

“Meizu”? Never heard of them. “BlackBerry”? EVERYBODY’S heard of them. That’s a brand with actual value, which is worth something.

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