Links on Android Authority may earn us a commission. Learn more.
Samsung reportedly in talks to buy Blackberry for $7.5 billion
According to a new report from Reuters, Samsung is in talks to buy Blackberry for $7.5 billion. The South Korean electronics company is interested in the company for Blackberry’s patent portfolio, according to unnamed sources associated with Reuters. Samsung didn’t offer a flat rate of $7.5 billion, though they put in an offer to buy individual shares for $13.35 to $15.49 per share. As long as currency conversions change over correctly, Samsung could end up paying anywhere from $6 billion to $7.5 billion for the company, as long as the $1.25 billion in debt transfers over as well. Reportedly, this represents a premium of 38% to 60% over Blackberry’s current trading price.
This isn’t really anything surprising, though. Blackberry has been struggling for quite some time to get the company out of the red. After countless failed smartphone attempts and US carriers refusing to carry their products, Blackberry has been dead in the water for quite some time. If you can remember back to November 2014, Samsung and Blackberry were in talks to improve Android’s enterprise security through Samsung devices. Now, Samsung devices might get even more security-centric if this sale goes through. Remember, this is just a rumor so far, and nothing is confirmed yet. Stay tuned to Android Authority for more coverage as this rumor develops.