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

Tight lines as Hooked on Lenovo catches up at Great Barrier Island

Tight lines as Hooked on Lenovo catches up at Great Barrier Island

​Ingram Micro’s Hooked on Lenovo incentive programme recently rewarded 28 of New Zealand's top performing resellers with a full-on fishing trip at Great Barrier Island for the third year​ in a row.

Tight lines as Hooked on Lenovo catches up at Great Barrier Island
Inside the AWS Summit in Sydney

Inside the AWS Summit in Sydney

As the dust settles on the 2017 AWS Summit in Sydney, ARN looks back an action packed two-day event, covering global keynote presentations, 80 breakout sessions on the latest technology solutions, and channel focused tracks involving local cloud stories and insights.

Inside the AWS Summit in Sydney
Channel tees off on the North Shore as Ingram Micro hosts annual Cure Kids Charity golf day

Channel tees off on the North Shore as Ingram Micro hosts annual Cure Kids Charity golf day

Ingram Micro hosted its third annual Cure Kids Charity Golf Tournament at the North Shore Golf Club in Auckland. In total, 131 resellers, vendors and Ingram Micro suppliers enjoyed a round of golf consisting of challenges on each of the 18 sponsored holes, with Team Philips taking out the top honours.

Channel tees off on the North Shore as Ingram Micro hosts annual Cure Kids Charity golf day
Show Comments