BlackBerry denies talking to Samsung about an acquisition

https://i1.wp.com/images.techtimes.com/data/images/full/22294/blackberry.jpg

Reuters reported on Wednesday that Samsung had “approached” BlackBerry about a potential takeover for as much as $7.5 billion. While a surprise, it wasn’t the most outlandish rumor: Both Samsung and BlackBerry are companies with big mobile divisions and significant interest in the burgeoning internet of things.

BlackBerry’s stock, naturally, spiked on the news, only to fall back a few hours later when BlackBerry publicly denied the rumors in a press release: “BlackBerry has not engaged in discussions with Samsung with respect to any possible offer to purchase BlackBerry.”

BlackBerry’s stock shot up nearly 30 percent to $12.81 at one point this afternoon, but it had fallen to $11.49 in after-hours trading at the time of publication. The Reuters report said Samsung was looking to purchase BlackBerry at a price range of $13.35 to $15.49 per share.

generate_fund_chart

Source : BlackBerry denies talking to Samsung about an acquisition, Kif Leswing ( https://gigaom.com/2015/01/14/blackberry-denies-talking-to-samsung-about-an-acquisition/ )

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s