{"id":82505,"date":"2015-01-15T08:09:24","date_gmt":"2015-01-15T08:09:24","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=82505"},"modified":"2015-01-14T22:27:38","modified_gmt":"2015-01-14T22:27:38","slug":"blackberrys-stock-surged-nearly-30-report-samsung-takeover","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/?p=82505","title":{"rendered":"BlackBerry’s stock surged nearly 30% on report of Samsung takeover"},"content":{"rendered":"

BlackBerry’s stock price jumped nearly 30% in late trading Wednesday after Reuters reported that Samsung approached the tech company with an offer to buy it for as much as $7.5 billion.<\/p>\n

The Reuters report, based on “a person familiar with the matter,” said Samsung was interested in BlackBerry’s patent portfolio. Reps from both companies could not be reached for comment.<\/p>\n

Before Reuters’ article was published, Samsung proposed buying BlackBerry for between $13.35 and $15.49 per share, which was a premium of 38% to 60% over BlackBerry’s share price. That price translates to $6 billion to $7.5 billion.<\/p>\n

Previous estimates for the worth of BlackBerry’s patents have ranged from $200 million to $5 billion.<\/p>\n

If the report proves to be true, it will be a testimony to Sybase veteran John Chen’s turnaround effort at the company, which many had written off a year ago.<\/p>\n

Since Chen joined in November 2013 as CEO, he has laid off 40% of the company’s workforce and launched the Passport, a 3.6-inch model with a square display.<\/p>\n

Still, the company’s share of the smartphone market \u2014 which was as high as 47% in 2010 \u2014 is now south of 1%, according to the International Data Corporation.<\/p>\n

Chen has focused on carving out a niche in the market for business professionals who might have an iPhone for their personal life, but use a BlackBerry for work.<\/p>\n

Chen’s efforts have made a modest BlackBerry comeback likely, but the company’s viability continues to be determined by its patents.<\/p>\n

In today’s litigation-mad tech industry, patents are increasingly important, as evidenced by Google’s $12.5 billion purchase of Motorola in 2011.<\/p>\n

Google sold Motorola to Lenovo last January, but retained the lion’s share of Motorola’s patents.<\/p>\n

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Source:\u00a0mashable.com<\/div>\n<\/figure>\n","protected":false},"excerpt":{"rendered":"

BlackBerry’s stock price jumped nearly 30% in late trading Wednesday after Reuters reported that Samsung approached the tech company with an offer to buy it for as much as $7.5 billion. The Reuters report, based on “a person familiar with the matter,” said Samsung was interested in BlackBerry’s patent portfolio. Reps from both companies could […]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[],"tags":[18],"class_list":["post-82505","post","type-post","status-publish","format-standard","hentry","tag-dr-akwasi-osei"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/82505","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=82505"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/82505\/revisions"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=82505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=82505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=82505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}