Struggling Samsung makes takeover approach to beleaguered BlackBerry

“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,” Jennifer Ablan and Liana B. Baker report for 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,” Ablan and Baker report. “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.”

Ablan and Baker report, “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.”

Read more in the full article here.

MacDailyNews Take: A bunch of movie titles spring immediately to mind:

Dumb and Dumber Get Married.



Have any to add?


  1. Further denial:

    Samsung BlackBerry gobble DENIED: We’re not for sale to Sammy, say execs
    The internet, where rumors last mere hours

    Reminder: Samsung’s recent attempt at phone security was such a total FAIL that they turned to Blackberry for THEIR phone security system. I’m going to guess that is when the ‘buy me, BUY ME!’ chitchat began.

    Q: How many Sore Losers does it take to screw in a Lightbulb?
    A: Won.

    Q: How many copy cats does it take to screw in a lightbulb?
    A: None. Just douse the copy cats with gasoline, strike a match and you’ll have all the light you need!

  2. This may have more to do with Samsung distancing itself from google’s Andriod OS.

    Samsung has launched its TizenOS phone in India this week. They appear committed to using their home-brew OS in their TVs, too.

    Building/buying a patent portfolio as they begin a migration from Android makes sense.

  3. Ok, so the denial of this rumor makes it Raging Bull, but I still can’t pass up the opportunity to take a few whacks:
    Cheech and Jong’s Up In Smoke
    Plight of the Living Dead
    The Royal Telebombs
    I.P. Siphon and the Holy Fail
    Unscrupulous Bastards
    Good Luck Hunting
    There Will Be Blood
    Full Warehouse

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