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Samsung Offers $7.5 BILLION To Buy BlackBerry

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Samsung Offers $7.5 BILLION To Buy BlackBerry

Samsung is reportedly offering to buy out BlackBerry for $7.5bn


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According to reports Samsung wants to buy up BlackBerry for a cool $7.5 billion (US), though BlackBerry is denying the claims that it is in talks with the Korean hardware giant.

A report from Reuters claims that Samsung is going after BlackBerry’s patent treasure trove, citing an unnamed source who alleges senior executives from both Samsung and BlackBerry met as recently as last week in talks over the buyout. BlackBerry reps spoke to Bloomberg to deny the claims.

The company said that BlackBerry has “not engaged in discussions with Samsung with respect to any possible offer to purchase BlackBerry.” Meanwhile, Reuters reports hearing from Samsung which described the allegations as “groundless”.

While industry analysts suggest that such a move would make sense for both companies, they’re also somewhat skeptical as this is by no means the first time BlackBerry has been rumoured to be hosting talks of a buyout from a selection of companies, and Samsung has been fingered before as a company with offers on the table. Historically, reports have indicated that prior to John Chen heading the company, it proved somewhat immobile during negotiations on a selling price. However, on this occasion it seems Samsung is waving a very tantalising carrot – $13.35-$15.49 per share at around 38%-60% above BlackBerry’s trading price at the time of the offer.

But even if Samsung and BlackBerry are around the negotiation table despite their claims, and even if they do reach the kind of agreement which until now has remained highly elusive, there are still plenty of proverbial spanners to grind everything to a halt.

John Chen himself has previously commented on the difficulties of BlackBerry selling up due to the popularity of its devices and security products with major Western governments, their security services, and key businesses. Chen said he believed there would “be a lot of regulatory issues and concerns,” from “countries where governments share intelligence.”

Meanwhile, as Reuters reports, Canadian newspaper Globe and Mail claims BlackBerry has rejected a number of offers from other companies in the last few months. Allegedly the board of directors currently prefers the sound of the company’s restructuring plans, as far as shareholder value is concerned. Once again it seems BlackBerry wants more than Samsung is prepared to offer.


Paul Briden

14:24, 15 Jan 2015

Samsung is reportedly providing to shop for out BlackBerry for $7.5bn

News

According to reports Samsung needs to shop for up BlackBerry for a groovy $7.5 billion (US), despite the fact that BlackBerry is denying the claims that it's in talks with the Korean hardware large.

O document from Reuters claims that Samsung goes after BlackBerry’s patent treasure trove, bringing up an unnamed source who alleges senior executives from each Samsung and BlackBerry met as just lately as remaining week in talks over the buyout. BlackBerry reps spoke to Bloomberg to disclaim the claims.

The corporate stated that BlackBerry has “now not engaged in discussions with Samsung with appreciate to any imaginable be offering to buy BlackBerry.” Meanwhile, Reuters reviews listening to from Samsung which defined the allegations as “groundless”.

While business analysts recommend that this type of transfer may make feel for each firms, they’re additionally rather skeptical as that is under no circumstances the primary time BlackBerry has been rumoured to be website hosting talks of a buyout from a number of firms, and Samsung has been fingered prior to as an organization with gives at the desk. Historically, reviews have indicated that previous to John Chen heading the corporate, it proved rather motionless right through negotiations on a promoting worth. However, in this instance it kind of feels Samsung is waving an overly tantalising carrot - $13.35-$15.49 in keeping with percentage at round 38%-60% above BlackBerry’s buying and selling worth on the time of the be offering.

But even though Samsung and BlackBerry are across the negotiation desk in spite of their claims, and even though they do succeed in the type of settlement which till now has remained extremely elusive, there are nonetheless quite a few proverbial spanners to grind the whole thing to a halt.

John Chen himself has in the past commented at the problems of BlackBerry promoting up as a result of the recognition of its units and safety merchandise with prime Western governments, their safety products and services, and key companies. Chen stated he believed there might “be a large number of regulatory problems and considerations,” from “nations the place governments percentage intelligence.”

Meanwhile, as Reuters studies, Canadian newspaper Globe and Mail claims BlackBerry has rejected various gives from different firms in the previous couple of months. Allegedly the board of administrators recently prefers the sound of the corporate's restructuring plans, so far as shareholder worth is worried. Once once more it kind of feels BlackBerry needs greater than Samsung is ready to provide.

Paul Briden 14:24, 15 Jan 2015
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