Samsung Electronics recently offered to buy BlackBerry for as much as USD 7.5 billion, Reuters reports citing a person familiar with the matter and documents seen.<\/p>\n
[contextly_sidebar id=”0h4bcCwmfB5wQFb1mPzAqB2bPBNqBBwT”]Samsung is interested in acquiring BlackBerry’s patents, as well as strengthening its position in the enterprise market.<\/p>\n
Samsung proposed an offer of USD 13.35-15.49 per share, representing a premium of 38-60 percent over BlackBerry’s current trading price.<\/p>\n
Representatives from the two companies met last week to discuss the potential transaction, according to the report.<\/p>\n
However, BlackBerry issued a statement denying it was in talks on a possible takeover of the company. Samsung also told Reuters in Seoul that it has no plans to acquire Blackberry.<\/p>\n
Separately, Canadian newspaper Globe and Mail reported BlackBerry has shunned a handful of takeover overtures in recent months as its board and largest investor think its restructuring strategy will deliver greater shareholder value than current acquisition offers.<\/p>\n
Most recently, Lenovo has been reported as a possible suitor for the company.<\/p>\n
<\/p>\n
Source: Telecompaper<\/p>\n","protected":false},"excerpt":{"rendered":"
Samsung Electronics recently offered to buy BlackBerry for as much as USD 7.5 billion, Reuters reports citing a person familiar with the matter and documents seen. [contextly_sidebar id=”0h4bcCwmfB5wQFb1mPzAqB2bPBNqBBwT”]Samsung is interested in acquiring BlackBerry’s patents, as well as strengthening its position in the enterprise market. Samsung proposed an offer of USD 13.35-15.49 per share, representing a […]<\/p>\n","protected":false},"author":25,"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":[18,20,4],"class_list":["post-83583","post","type-post","status-publish","format-standard","hentry","tag-dr-akwasi-osei","tag-mental-health-authority","tag-st-augustines-college"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/83583","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\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=83583"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/83583\/revisions"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=83583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=83583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=83583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}