No, Samsung is not going to buy over BlackBerry, reports Mobile World Live.
The South Korean electronics giant Samsung has denied a Reuters report that it is in takeover talks with smartphone maker BlackBerry in a deal estimated at $7.5 billion.
“It is not true,” a Samsung representative told Korean news agencies.
BlackBerry also denied the report, saying on its website it “has not engaged in discussions with Samsung with respect to any possible offer”.
Reuters yesterday reported that executives from the two firms held discussions on a potential deal last week and that Samsung made an offer to buy BlackBerry for $13.35-15.49 per share.
The news boosted BlackBerry’s shares nearly 30% (up US$2.89) Wednesday to close at US$12.60 but fell 14% in after-hours trading after it denied the report.
So where does that put BlackBerry?
CEO, John Chen says the company is “no longer in financial trouble” a year after he took the helm. But Chen acknowledges that there is still a lot of work to do in a company that was once the leader in mobile communications.
GXBank recently marked its second anniversary with more than one million Malaysians onboard, cementing its…
Realme has just launched a new budget-oriented mid-range smartphone in Malaysia, the Realme C85 5G.…
This post is brought to you by sooka. sooka pulled a lively crowd to Pavilion…
Infinix has just announced its strategic partnership with Pininfarina for its upcoming flagship smartphones, revealed…
During Proton's Tech Showcase, the national carmaker has also highlighted its digital and connected automotive…
Digital Nasional Berhad (DNB), Malaysia's first 5G network, will soon transform into a fully private…
This website uses cookies.