Wednesday 14 January 2015

Samsung tried to buy Blackberry for $7.5 Billion,Reuters reports



Blackberry is getting another high-profile purchase offer from a tech company. Apparently, Samsung recently was into negotiations with BlackBerry about buying the company for around $7.5 billion, reports Reuters.

A source familiar with the matter told Reuters the two companies met to discuss the offer, and documents seen by Reuters confirmed the report. Based on the evidence, Samsung offered to pay $13.35 to $15.49 per share to buy BlackBerry. The South Korean company’s offer stands at 38 percent to 60 percent above BlackBerry’s current trading price, the source stated. Had those terms been accepted, Samsung would have paid between $6 to 7.5 billion for the smartphone maker. The conversation took place just last week, and further details remain private, the sources said.

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