Samsung Electronics said Thursday that it has no plans to buy BlackBerry, denying a report that the tech giant approached the struggling smartphone-maker about acquisition. “The report is totally groundless. Samsung has no interest in buying BlackBerry,” Samsung spokeswoman Lim Yoon-jeong said. The denial came a few hours after BlackBerry issued a statement also denying the report.
Samsung Electronics recently approached BlackBerry about buying the company for as much as US$7.5 billion (A$9.2 billion), looking to gain access to its patent portfolio, according to a person familiar with the matter and documents seen by Reuters. South Korea’s Samsung proposed an initial price range of US$13.35 to US$15.49 per share, which represents a premium of 38 percent to 60 percent over BlackBerry’s current trading price, the source said.
SEOUL: Samsung and Blackberry have splashed frigid water on a report that Samsung wants to make a $7.5 billion takeover offer for the struggling Canadian device maker. That, however, did not stop tech industry watchers from dissecting all the possibilities. Once strong in mobile devices, Blackberry is now an also ran, overtaken by the touchscreen offerings of Apple and Samsung. But analysts say it has technology and intellectual property that could make it attractive to Samsung, which is looking to revive growth momentum in its smartphone business faltered.
NEW DELHI: Canadian smartphone maker BlackBerry has said that its mobile device management security partnership with South Korean conglomerate Samsung will help it increase its enterprise customer base in India. Samsung’s significant presence in the Indian market, including in the Bring Your Own Device or BYOD segment, will help expand Blackberry’s reach in the country, Sunil Lalvani, Blackberry India’s managing director Sunil Lalvani told ET.
NEW DELHI: BlackBerry is expecting strong growth for its enterprise services in India as snooping-wary corporates strengthen the security of their communication systems. The Canadian company that makes smartphones and provides secure communication services says its enterprise services — BES 10 and BBM Protected – are witnessing increasing demand from Indian corporates, especially from those working in sensitive fields.