Linked by Thom Holwerda on Wed 14th Jan 2015 21:20 UTC
PDAs, Cellphones, Wireless

Samsung Electronics Co Ltd recently approached BlackBerry Ltd about buying the company for as much as $7.5 billion, looking to gain access to its patent portfolio, according to a person familiar with the matter and documents seen by Reuters.

South Korea's Samsung proposed an initial price range of $13.35 to $15.49 per share, which represents a premium of 38 percent to 60 percent over BlackBerry's current trading price, the source said.

Executives from the two companies, which are working with advisers, met last week to discuss a potential transaction, the source said, asking not to be identified because the conversations are private.

Big news, if true.

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Not true
by dukzcry on Fri 16th Jan 2015 09:54 UTC
dukzcry
Member since:
2008-07-01