Samsung denies it is looking to acquire BlackBerry

Samsung denies it is looking to acquire BlackBerry
Earlier today, reports hit the wire that Samsung was looking to acquire BlackBerry, sending the enterprise smartphone maker's stock soaring nearly 30 percent.

Within a couple hours of the report, both companies denied the rumor. Blackberry said: "BlackBerry has not engaged in discussions with Samsung with respect to any possible offer to purchase BlackBerry." Samsung called the reports "groundless."

In the report, which cited unnamed sources, Samsung was allegedly willing to purchase BlackBerry for up to $7.5 billion. Before the report, the company had a market value of around $5 billion.

BlackBerry, despite mostly being out of the smartphone market that it once dominated, remains a force in the mobile security realm and also has a popular messaging application.


Written by: Andre Yoskowitz @ 14 Jan 2015 22:41
Samsung Blackberry
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