Samsung Wants to Buy BlackBerry for $7.5 Billion [Rumour]

Samsung has allegedly approached BlackBerry with a $7.5 billion offer, according to a person familiar with the matter, reports Reuters. The South Korean company seems to be interested in acquiring BlackBerry’s patent portfolio.

Blackberry

After making waves two and a half years ago, it’s back again. Back then, Jefferies analyst Peter Misek said that Samsung was either interested in licensing BB10 or buying RIM. However, a lot has changed since then: for example, BlackBerry’s Jack Chen has managed to successfully orchestrate the first half of a two-year turnaround plan.

Samsung has allegedly made a very generous offer, proposing a price range of $13.35 to $15.49 per share, which is at least 38% higher than BlackBerry’s current trading price, Reuters’ source revealed.

That could mean a final purchase price of $6 billion or $7.5 billion for BlackBerry, assuming the conversion of $1.25 billion worth of convertible debt. The news pushed BlackBerry’s stock price up.

Samsung and BlackBerry announced a strategic partnership earlier in November 2014, jointly targeting the enterprise market.

Blackberry stock price

Update: BlackBerry has commented on the matter in a press release:

BlackBerry is aware of certain press reports published today with respect to a possible offer by Samsung to purchase BlackBerry. BlackBerry has not engaged in discussions with Samsung with respect to any possible offer to purchase BlackBerry. BlackBerry’s policy is not to comment on rumors or speculation, and accordingly it does not intend to comment further.

Technology enthusiast, rocker, biker and writer of iPhoneinCanada.ca. Follow me on Twitter or contact me via email: istvan@iphoneincanada.ca

  • Sherwood Patrick

    It’s like “Vegas Baby” wild speculative fun.

  • What happens in Vegas stays in Vegas right?

  • SV650

    Someone gaming the market again?

  • Chrome262

    LOL so wait, flagging sales and loss of market share, and you think buying another example of such will be good business. At this rate Samsung will be following BB

  • Zachelor

    A sinking ship buys a sinking ship? It’s gonna be epic.

  • South Korean fruit salad coming

  • Geoffrey Spencer

    The federal government (no matter who wins the election in the Fall) will NEVER allow a foreign company to buy Blackberry. They already denied Lenovo’s attempt early last year.