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Samsung Offers to Buy Blackberry for US$ 7.5 Billion

Samsung Electronics recently offer to buy the BlackBerry Ltd. for US$ 7.5 billion, according to a source and documents obtained by Reuters news agency.

Blackberry rejected number of acquisition bids in recent few months. (doc: Reuters)
This offer is intended to look for valuable patent rights in the middle of a feud with Apple in corporate market.

Samsung from South Korea offers a starting price of around US$ 13.35 to US$ 15.49 per share, representing a premium 38% to 60% of Blackberry trading price recent, according to sources on Wednesday (14/1).

The executives of both companies met last week to discuss the potential transaction, the source said.

However, efforts of Samsung to buy Blackberry seems not smooth.

On Wednesday, Canadian newspaper, The Globe and Mail also reported that Blackberry has rejected a takeover proposal in recent months because the board of directors and its largest investors feel the restructuring strategy of company will deliver shareholder value greater than acquisition bids. (Reuters)
Tag : Business
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