Home Samsung approaches BlackBerry on takeover - report
 

Keywords :   


Samsung approaches BlackBerry on takeover - report

2015-01-15 08:46:00| Telecompaper Headlines

(Telecompaper) Samsung Electronics recently offered to buy BlackBerry for as much as USD 7.5 billion, Reuters reports citing a person familiar with the matter and documents seen. Samsung is interested in acquiring BlackBerry's patents, as well as strengthening its position in the enterprise market. Samsung proposed an offer of USD 13.35-15.49 per share, representing a premium of 38-60 percent over BlackBerry's current trading price. Representatives from the two companies met last week to discuss the potential transaction, according to the report. BlackBerry denied it was in talks with Samsung on a possible takeover of the company. Samsung also told Reuters in Seoul that it has no plans to acquire Blackberry. Separately, Canadian newspaper Globe and Mail reported BlackBerry has shunned a handful of takeover overtures in recent months as its board and largest investor think its restructuring strategy will deliver greater shareholder value than current acquisition offers.

Tags: report samsung approaches blackberry

Category:Telecommunications

Latest from this category

All news

»
01.11Boeing makes 38% pay rise offer in bid to end strike
01.11The house paints that promise much more than colour
01.11Eastern North Pacific Tropical Weather Outlook
01.11Atlantic Tropical Weather Outlook
01.11Technology adoption: What's on the ag tech horizon for 2025
01.11Technology adoption: What's on the ag tech horizon for 2025
01.11How Japan's youngest CEO transformed Hello Kitty
31.10Unicharm to Expand in Africa
More »