Samsung approached BlackBerry recently with a takeover bid, according to Reuters, executives of the two companies met last week to discuss a potential transaction but no sale has been made yet. The report says that the Korean tech titan is seeking to grab BlackBerry’s patent portfolio and the company has offered $7.5 billion. Neither companies has made any comment on this rumoured acquisition.
BlackBerry, which has fallen from its perch as one of the top smartphone makers to a niche player, has long been an acquisition target for companies. Samsung was previously rumored to be interested in BlackBerry in 2012, but the company quickly squashed the idea but as at now, BlackBerry is on the verge of a major turnaround with their most advanced mobile OS.
Blackberry CEO, speaking at a press conference last week at the Consumer Electronics Show, looked back at the difference between BlackBerry from a year ago and today: “We’re not in financial trouble; we’re here to stay,” he said.
Would it be a good thing if this acquisition actually happen?
