Samsung to Buy Blackberry for $7.5 Billion?

Samsung to Buy Blackberry for $7.5 Billion? DeBunking e-Reading Hardware There's a crazy rumor going around today that Samsung is looking to buy Canada's BlackBerry.

Apparently Samsung isn't satisfied with only making smartphones running Tizen, Android, and Windows Phone; now they also want to make Crackberries (as opposed to following Samsung's usual path and simply copying all of the good ideas).


Or so says Reuters:

Samsung Electronics recently offered to buy BlackBerry Ltd for as much as $7.5 billion, seeking its valuable patents as it battles Apple in the corporate market, according to a person familiar with the matter and documents seen by Reuters.

South Korea's Samsung proposed an initial price range of $13.35 to $15.49 per share, representing a premium of 38 percent to 60 percent over BlackBerry's current trading price, the source said on Wednesday.

Executives from the two companies, which are working with advisers, met last week to discuss a potential transaction, the source said, asking not to be identified because the conversations are private.

Call me cynical, but I don't believe this rumor - especially not the part about the patents.

If Samsung were really interested in the patent portfolio then they would have made an offer to buy the patents for a few billion and license them back for a dollar. Everyone would have been happy, both Samsung (which probably does want more patents to use to attack Apple) and BlackBerry, which could use the money to invest in research and new product development.

And in case you don't buy my arguments, BB has denied the story:

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.

BB didn't come out and say it explicitly but they basically said that the Reuters report is nonsense. (While that is not an absolute guarantee that the story is bogus it will add an extra level of absurdity should it prove to be true.)

About Nate Hoffelder (9974 Articles)
Nate Hoffelder is the founder and editor of The Digital Reader:"I've been into reading ebooks since forever, but I only got my first ereader in July 2007. Everything quickly spiraled out of control from there. Before I started this blog in January 2010 I covered ebooks, ebook readers, and digital publishing for about 2 years as a part of MobileRead Forums. It's a great community, and being a member is a joy. But I thought I could make something out of how I covered the news for MobileRead, so I started this blog."

2 Comments on Samsung to Buy Blackberry for $7.5 Billion?

  1. The only asset BB has are the services, it’s not about devices or patents and it does make sense for Samsung to buy it even if just for more of a push in enterprise. They can also use the OS for car solutions and IoT.
    Someone will likely buy it sooner or later, it’s value keeps dropping and it’s a waiting game, longer the wait, lower the price but at some point it’s not worth buying anymore.

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