According to Reuters, Samsung placed a takeover bid on Blackberry but this just came in with BlackBerry denying earlier reports that it was in talks with smartphone Samsung about a potential takeover. The stock tumbled more than 15% after the company issued its statement.
“BlackBerry has not engaged in discussions with Samsung with respect to any possible offer to purchase BlackBerry,” the company said in a statement. “BlackBerry’s policy is not to comment on rumours or speculation, and accordingly it does not intend to comment further. “
BlackBerry ended the session about 30% higher as Reuters report that Samsung had offered to buy the Canadian mobile company for as much as $7.5 billion, in hopes of gaining access to its patent portfolio, according to Reuters.
Though Reuters stood by its previous report and said executives from both companies met last week to discuss a potential transaction but think of it this way… Samsung’s strength as the No. 1 global smartphone marker taking over Blackberry could actually make greater inroads into the corporate market, where it has trailed rivals.
Source: CBCNEWS
