Samsung Plans To Acquire BlackBerry For $7.5 Billion [Rumor]

BlackBerry appears to be in a better position now than it was a couple of years ago, so the question is do they still need to be bailed out? While we’re not sure if that is necessary now, a report from Reuters has revealed that both Samsung and BlackBerry have reportedly been in talks over a possible sale.

It seems that Samsung is interested in getting their hands on the Canadian company and are willing to pay as much as $7.5 billion for them. Executives from both companies have reportedly gotten together and met to analyze an eventual deal, and are said to be working with advisers to see if the purchase could go through.

Samsung is also reportedly offering to pay $13.35-$15.49 per share which is 38% over BlackBerry’s current trading price. We’re not sure why Samsung would want BlackBerry, but given that the brand is a trusted name in the enterprise and government sector, not to mention their patent portfolio, we suppose it does make some sense.

This is actually not the first time we’ve heard about Samsung’s interest in BlackBerry, although previously the company had denied the rumors that they were looking at acquiring BlackBerry. However BlackBerry’s CEO John Chen stated early last year that he was open to an acquisition if there was enough money involved. In any case we’ll have to wait and see how this one plays out, so check back with us later for the details.

Tyler Lee
Categories: Cellphones, Rumors
Tags: BlackBerry, Samsung