"Samsung is gunning for Blackberry" | RetailDetail

"Samsung is gunning for Blackberry"

"Samsung is gunning for Blackberry"

Samsung has set its sights on Blackberry and is apparently willing to pay 6 to 7.5 billion dollars to buy the former smartphone giant, although Blackberry is still hesitant to accept.

Some 6 billion euro

According to press agency Reuters, based on anonymous sources and obtained documents, Samsung would be willing to pay 13.35 to 15.49 dollar per share for Blackberry. The news has boosted Blackberry's share instantly, up 30 %.

 

Including Blackberry's debt, that would mean Samsung would pay 6 to 7.5 billion dollars (5.1 - 6.4 billion euro), which would be a huge sum for an ailing smartphone manufacturer. According to analysts, Samsung is mostly interested in Blackberry's patents as those are invaluable in a highly competitive market and with an increasing number of court battles.

 

Both have collaborated since November 2014 with Blackberry's security platform in Samsung's newest Galaxy models, which in turn has given Blackberry additional income.

 

A bit more?

Blackberry was the absolute number 1 in smartphones at the turn of the century, but was quickly outclassed by Samsung and Apple. The company has had several brushes with bankruptcy and has even asked Facebook, in October 2013, whether it would be willing to buy the smartphone manufacturer. In the end, it decided to go ahead alone.

 

Canadian sources say the company is "aware" of the news, but according to Bloomberg, Blackberry has stated it "has not engaged in discussions with Samsung with respect to any possible offer to purchase BlackBerry." However, it is said that management from both companies have met over the past week to talk about a possible deal and an anonymous source has indicated Blackberry often receives acquisition propositions, but that the owners want more than what Reuters has reported.

Questions or comments? Please feel free to contact the editors


Xiaomi's European conquest goes through Paris

23/05/2018

Chinese smartphone manufacturer Xiaomi just opened a physical store in Paris, part of its ambitious European expansion plan. The brand is also dreaming of an American launch.

Fnac Darty and MediaMarkt Saturn enter purchase alliance

16/05/2018

French electronics retailer Fnac Darty has set up a purchase alliance with competitor MediaMarkt Saturn. Both companies will buy together when it comes to the European retail market.

Amazon looking to outbid Walmart in Flipkart deal

03/05/2018

The battle for dominance on the Indian e-commerce market seems to be stepping up a notch: Amazon may be looking to buy a majority stake in Flipkart, trying to better Walmart which already started negociations with the Indian online retailer.

Amazon is working on domestic robot

24/04/2018

Amazon is secretly working on robots for consumers. According to press agency Bloomberg, the tech giant wants to trial the robots at their employees’ homes and wants to present its domestic robots in 2019.

Fnac Darty continues growth thanks to collaborations

23/04/2018

Electronics group Fnac Darty has achieved a small turnover growth in the first quarter of 2018. The group also says it took major steps in its recovery plan: before the end of 2018, it seeks 130 million euro in synergies.

‘Schnäppcam’ lures customers back to the store

16/04/2018

It seems a lost fight to compete with web shops, but not every retailer is simply throwing in the towel. A German household appliance seller has found an original way to entice customers.