Samsung Looking at BlackBerry Acquisition

Posted by at 6:00 am on January 15, 2015

Samsung has approached BlackBerry about a potential acquisition, according to a report published by Reuters.

Citing people familiar with Samsung’s plans, Reuters suggests Samsung would be willing to pay up to $7.5 billion for the one-time smartphone king. Samsung is most interested in BlackBerry’s patent portfolio, and executives of the companies met last week regarding a potential deal, says Reuters.

BlackBerry still makes smartphones, but the bulk of its current business is based on selling mobile device management software to business and government customers. At the same time, Samsung is anxious to build up a strong base of enterprise customers and sells its own Knox security platform to that effect.

BlackBerry later denied it was in talks with Samsung.

Leave a Reply

Sign Up For Our Newsletter

Sign up to receive breaking news
as well as receive other site updates

Enter your Email


Preview | Powered by FeedBlitz

Log in

Copyright © 2008 - 2020 · StreetCorner Media , LLC· All Rights Reserved ·