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Samsung is still pursuing a significant stake at BlackBerry, despite denying a full takeover by both companies

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Samsung is still pursuing a significant stake at BlackBerry, despite denying a full takeover by both companies

Although a full buyout of the entire company as a whole was denied by both BlackBerry and Samsung. Instead, news surfaces that Samsung is looking to purchase a stake at BlackBerry which could see Samsung completely takeover or simply just buy in. Following last week’s rumor which sent BBRY up by over 40%, John Chen was quick to refute the claim. Samsung executive J.K Shin also backed John Chen saying they had no interest in acquiring BlackBerry, but looking to use BlackBerry’s software, which both companies already have a relationship based on (BES12) Instead, word has it that Samsung is looking for a stake at BlackBerry in which they could completely takeover or simply just buy. The Financial Post has obtained a document prepared for Samsung at a New York based independent investment bank Evercore Partners which details the information concerning both parties. This document was prepared last year, but source close to the Financial Post said Samsung is interested in purchasing the whole or parts of BlackBerry. According to the Financial Post, the Reuters leak caught Samsung off-guard. Samsung wanted to “send a message to Apple and Microsoft”. The Evercore document detailed how BlackBerry’s BES12 suite appeared complimentary to Samsung, listing the advantages. Last but not least, the document also listed a scenario which could see Samsung purchasing a minor stake at BlackBerry which could help secure regulatory approval. The news doesn’t come as a surprise as BlackBerry’s press release following last week’s rumor was carefully worded. John Chen has a plan he’s following through with (and meeting targets) and Samsung is also looking to dip their toe in the enterprise game whilst looking to further extend their business with IoT. Nonetheless, the stock is up 7% following the news coming out of the Financial Post. One thing’s for certain, something is happening behind closed doors, as …

Bilaal SaghirSamsung is still pursuing a significant stake at BlackBerry, despite denying a full takeover by both companiesBlackBerry Empire

Although a full buyout of all of the corporate as a entire used to be denied by both BlackBerry and Samsung. Instead, information surfaces that Samsung is taking a look to buy a stake at BlackBerry which might see Samsung utterly takeover or just simply purchase in. Following final week’s rumor which despatched BBRY up by over 40%, John Chen used to be fast to refute the declare. Samsung government R.G Shin additionally subsidized John Chen pronouncing that they had little interest in obtaining BlackBerry, however taking a look to make use of BlackBerry’s tool, which both companies have already got a dating in accordance with (BES12) Instead, phrase has it that Samsung is on the lookout for a stake at BlackBerry during which they may utterly takeover or just simply purchase. The Financial Post has got a report ready for Samsung at a New York primarily based unbiased funding financial institution Evercore Partners which main points the tips regarding both events. This report used to be ready ultimate yr, however source with reference to the Financial Post stated Samsung is inquisitive about buying the entire or portions of BlackBerry. According to the Financial Post, the Reuters leak stuck Samsung off-protect. Samsung sought after to “ship a message to Apple and Microsoft”. The Evercore report distinct how BlackBerry’s BES12 suite gave the impression complimentary to Samsung, record the benefits. Last however now not least, the report additionally indexed a situation which might see Samsung buying a minor stake at BlackBerry which may just lend a hand safe regulatory approval. The information doesn’t come as a wonder as BlackBerry’s press free up following remaining week’s rumor used to be sparsely worded. John Chen has a plan he’s following thru with (and assembly goals) and Samsung is additionally taking a look to dip their toe within the undertaking recreation at the same time as taking a look to additional prolong their industry with IoT. Nonetheless, the inventory is up 7% following the scoop popping out of the Financial Post. One factor’s for sure, one thing is taking place at the back of closed doorways, as ...

Bilaal Saghir - Samsung is still pursuing a significant stake at BlackBerry, despite denying a full takeover by both companies - BlackBerry Empire

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