Rumors Of Samsung Acquiring BlackBerry Refuse To Die

It seems that there is a second round of rumors going around concerning the possible acquisition of BlackBerry by the good people over at Samsung, at least according to a spanking new report from The Financial Post. It seems that Samsung might be pursuing BlackBerry actively in terms of taking over or purchasing a significant stake in BlackBerry Limited. Going through documents that have been put together for Samsung by New York-based independent investment bank Evercore Partners, one has a better understanding on the details as well as possible structure for a potential BlackBerry purchase.

If one were to recall, the first time word went out that Samsung wanted to pick up BlackBerry saw an approach in the region of $7.5 billion, citing executives from the two companies who did discuss about a possible transaction. Those reports were shot down quickly by BlackBerry, and Samsung’s very own J.K. Shin also stated, “We want to work with BlackBerry and develop this partnership, not acquire the company.” Not only that, BlackBerry CEO John Chen did mention to the federal Industry Minister James Moore that “it’s a rumour and there’s no truth to it.”

It seems that Samsung still has a very strong interest in BlackBerry – for the right price, of course, so we will just have to sit tight and wait for something to move – if ever, that is.

Edwin Kee
Categories: Rumors
Tags: BlackBerry, Samsung