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This article was published on January 14, 2015

Samsung reportedly approached BlackBerry with takeover bid

Samsung reportedly approached BlackBerry with takeover bid
Owen Williams
Story by

Owen Williams
Owen Williams
Story by

Owen Williams

Former TNW employee

Owen was a reporter for TNW based in Amsterdam, now a full-time freelance writer and consultant helping technology companies make their word Owen was a reporter for TNW based in Amsterdam, now a full-time freelance writer and consultant helping technology companies make their words friendlier. In his spare time he codes, writes newsletters and cycles around the city.

A report by Reuters today says that Samsung approached BlackBerry recently with a takeover bid.

Update: BlackBerry denies that such a meeting took place.

The report says that Samsung is seeking to grab BlackBerry’s patent portfolio and the company has offered “as much as $7.5 billion” according to an anonymous source.

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Executives of the two companies met last week to discuss a potential transaction but no sale has been made yet.

Shares of BlackBerry stock rose over 25% after the news. Samsung may be using the purchase as a way to bolster its struggling smartphone division.

➤ Samsung talks to BlackBerry about $7.5 billion buyout [Reuters]