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 newsletter!

Error: Please check your email address.

Tags Mergers and acquisitionsBlackberrybusiness issuesSamsung Electronics

Featured

Slideshows

Looking back at the top 15 M&A deals in NZ during 2017

Looking back at the top 15 M&A deals in NZ during 2017

In 2017, merger and acquisitions fever reached new heights in New Zealand, with a host of big name deals dominating the headlines. Reseller News recaps the most important transactions of the Kiwi channel during the past 12 months.

Looking back at the top 15 M&A deals in NZ during 2017
Kiwi channel closes 2017 with After Hours

Kiwi channel closes 2017 with After Hours

The channel in New Zealand came together to celebrate the close of 2017, as the final After Hours played out in front of a bumper Auckland crowd.

Kiwi channel closes 2017 with After Hours
Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP honoured leading partners across the channel at the Partner Awards 2017 in New Zealand, recognising excellence across the entire print and personal systems portfolio.

Meet the top performing HP partners in NZ
Show Comments