Menu
Report: Samsung makes $US7.5 billion buyout bid for BlackBerry

Report: Samsung makes $US7.5 billion buyout bid for BlackBerry

The Reuters story sent Blackberry shares soaring

Mobile giant Samsung Electronics reportedly approached rival BlackBerry with a buyout proposal worth as much as $US7.5 billion, according to a Reuters news report.

Samsung offered BlackBerry a buyout price of between $US13.35 to $US15.49 per share, according to the news agency, which cited documents and an unnamed person with knowledge of the matter.

Samsung is reportedly also interested in acquiring BlackBerry's patent portfolio.

BlackBerry stock skyrocketed almost 30 per cent after the news broke, closing at $US12.60 on the Nasdaq.

Samsung's acquisition of BlackBerry could give it a more prominent presence in developing markets, where older BlackBerry models are still selling well. Samsung's earnings also took a hit in the latter part of 2014.

Agam Shah covers PCs, tablets, servers, chips and semiconductors for IDG News Service. Follow Agam on Twitter at @agamsh. Agam's e-mail address is agam_shah@idg.com


Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags Blackberrybusiness issuesSamsung ElectronicsMergers and acquisitions

Featured

Slideshows

Sizing up the NZ security spectrum - Where's the channel sweet spot?

Sizing up the NZ security spectrum - Where's the channel sweet spot?

From new extortion schemes, outside threats and rising cyber attacks, the art of securing the enterprise has seldom been so complex or challenging. With distance no longer a viable defence, Kiwi businesses are fighting to stay ahead of the security curve. In total, 28 per cent of local businesses faced a cyber attack last year, with the number in New Zealand set to rise in 2017. Yet amidst the sensationalism, media headlines and ongoing high profile breaches, confusion floods the channel, as partners seek strategic methods to combat rising sophistication from attackers. In sizing up the security spectrum, this Reseller News roundtable - in association with F5 Networks, Kaspersky Lab, Tech Data, Sophos and SonicWall - assessed where the channel sweet spot is within the New Zealand channel. Photos by Maria Stefina.

Sizing up the NZ security spectrum - Where's the channel sweet spot?
Show Comments