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.
Besides the Magic V6, Honor Malaysia has officially launched the MagicPad 4, a new flagship…
Honor has officially launched its latest foldable smartphone in Malaysia, the Magic V6, after its…
The local assembly (CKD) of Leapmotor EVs have officially begun at Stellantis’ facility in Gurun,…
If you're looking for a smartphone with a huge battery, Huawei Malaysia has just launched…
TNG eWallet is no longer just about QR payments and Touch ’n Go card reloads.…
Malaysians may soon be able to apply for a passport with a longer 10-year validity…
This website uses cookies.