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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.
The BlackBerry resistance to being bought out deserves a good Downfall video parody. Seriously. They're about as close to death as Hitler was in the Chancellery bunker.
HBI's Law: Frequency of calling others Nazis is directly correlated with the likelihood of the accuser being Communist.
Source: http://www.cbc.ca/news/busines...
a strategic partnership to bring BlackBerry's BES12 cross-platform EMM solution to Galaxy smartphones and tablets that feature embedded KNOX technology.
Does this convey any actual meaning to anyone?
Just because you're paranoid doesn't mean there isn't an invisible demon about to eat your face
I doubt Canada will bless the deal. The canadaian government is well known in protecting indigenous companies, Blackberry being one of them. That's why, it meddled in NorTel's affairs till the company went bankrupt.
I wish Samsung all the best.
Nortel went bankrupt because they were stupid - hiring thousands of people without even knowing where they were going to put them, never mind what job they would be doing. They figured the bubble would never end ... same as the housing bubble.
"Transparent" is a shit show that trades on every stereotype going. A man in drag is NOT a transsexual.
"They typically don't comment. Denying something that is true is a great way to get sued by shareholders."
I don't know about that. They denied that they would make an Android or iPhone BBM app for the entire time they would have been developing them.
I am most curious about what Samsung would do with QNX if it was to acquire it. QNX is something that should not be allowed to die. Samsung could afford to do this deal, and release QNX as opensource. It's of no particular use to them unless they want to ditch Tizen and Android.