Samsung In Talks To Acquire Troubled BlackBerry For $7.5 Billion

MojoKid writes Shares of BlackBerry (BBRY) were up nearly thirty percent as the closing bell sounded this afternoon. What could possibly be behind this sudden spike in interest in shares of a smartphone company whose glory days faded years ago? Well, it turns out that BlackBerry may be ripe for the picking and Samsung is ready to make an offer that John Chen and BlackBerry's board may be reluctant to refuse. According to a report, Samsung is willing to pay roughly $7.5 billion for BlackBerry's assets (including its patent portfolio). Samsung's sudden interest to make a deal comes just two months after the two companies entered a strategic partnership to bring BlackBerry's BES12 cross-platform EMM solution to Galaxy smartphones and tablets that feature embedded KNOX technology. At the time, the two companies indicated that they were looking forward to future ventures together.

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This has been denied by Blackberry

[Black Mage Balthazar]

Source: http://www.cbc.ca/news/busines...