Connect with us

Samsung Wants to Continue Working with BlackBerry

Blackberry News

Samsung Wants to Continue Working with BlackBerry

Samsung has said that the corporate plans to prolong their present partnership with BlackBerry. They, then again, repeated that they have got no purpose to purchase BlackBerry.

In an interview given to the Wall Street Journal, S.P. Shin who heads the cell phone department at Samsung stated that they're excited about running with BlackBerry and creating that partnership. He reiterated that they have got no purpose to gain BlackBerry. In November 2014, the 2 firms had introduced that they might collaborate to supply Android units higher finish-to-finish safety thru Samsung KNOX and BES 12. In the interview Shin stated that they're satisfied with the possibility of KNOX and wish to stay dedicated to it.

Samsung would possibly use a few of BlackBerry’s generation to safe its smartphones, however main points of the partnership have now not been introduced. According to Shin, shopping for BlackBerry could also be counter-effective. Some studies had instructed that Samsung may well be within the 44,000 patents held via BlackBerry. Shin refuted that announcing that Samsung has greater than 110,000 patents by itself.

Meanwhile rumors of Samsung short of to purchase BlackBerry are nonetheless alive. I new document revealed within the Financial Post says that Samsung continues to be very so much all for obtaining BlackBerry. The record is going to the level of claiming that Samsung used to be shocked while Reuters wrote approximately Samsung’s plans to purchase BlackBerry. Apparently Samsung sought after to stay it a mystery as a result of they idea that may lend a hand them download higher costs. The Financial Post claims to have get entry to to files placed in combination by way of funding financial institution Evercore Partners for Samsung. These files define the main points for a imaginable takeover of BlackBerry.

Reuters have been the primary to post stories that instructed that Samsung used to be making an attempt to purchase BlackBerry with a takeover bid value 7.5 billion USD. That record didn’t identify any resources, nevertheless it claimed that the 2 firms have been running with their advisers. BlackBerry right away shot down the record pronouncing that that they had now not engaged in any discussions with Samsung. Samsung additionally denied the rumors.

Samsung and BB

But now resources acquainted with the location says that Samsung continues to be very involved in shopping for all or a few of BlackBerry if the cost is true. Samsung reportedly continues to be comparing all choices.

The report main points the benefits and drawbacks of various strategies that Samsung would possibly absorb obtaining BlackBerry. One risk is that Samsung would possibly gain a minority stake within the corporate. This will lend a hand them download regulatory approval from governments within the west which might be worried approximately overseas firms proudly owning BlackBerry’s security measures.

The record additionally outlines Samsung’s hobby in getting BlackBerry CEO John Chen onboard. The report additionally tricks at the potential of bringing Prem Watsa, who's a tremendous shareholder of BlackBerry, on board to strike the deal. Samsung reportedly plans to make an be offering of USD 13.35 to USD 15.49 in keeping with percentage. That values the corporate among USD 7 billion and USD 8 billion.

The record additionally throws a few gentle on Blackberry’s longer term income possible. Samsung expects BlackBerry’s hardware income to stabilize and tool income to triple among 2014 and 2017.

Comments

More in Blackberry News

To Top