We all know that Blackberry has been struggling for quite some time here over the past few years, and there’s been several, if not many, talks of various companies purchasing them. New information coming from Reuters is that Samsung and Blackberry met during the days that we were all busy checking out new tech at CES 2015 and they are discussing the possibility of Samsung purchasing Blackberry for somewhere around $7.5 billion.
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.
Shares of Blackberry jumped as much as 30 percent on heavy volume in afternoon trading in New York.
The offer price would imply an enterprise value of $6 billion to $7.5 billion for BlackBerry, assuming conversion of $1.25 billion of convertible debt, according to the documents.
BlackBerry announced a high-profile security partnership with Samsung in November. The partnership will wed BlackBerry’s security platform with the South Korean company’s own security software for its Galaxy devices.Reuters
It will certainly be interesting to see what happens at this point as it’s pretty well known that Samsung would be doing this more for the patents that Blackberry owns than anything else really. Who knows what else might come of this purchase, maybe even a new Blackberry device running a new version of Android somewhere along the lines?
We’d also like to hear your thoughts on this subject. How will Samsung benefit from purchasing Blackberry as well as how would Blackberry benefit? Is this a good thing for Samsung and Blackberry to do this or is this something that just doesn’t need to happen? Sound off in the comments below and let us know.