Samsung still interested in buying BlackBerry: report
Posted January 21, 2015 8:11 pm.
This article is more than 5 years old.
Samsung Electronics Co. Ltd. is still interested in taking over or buying a significant stake in BlackBerry Ltd., despite denials by both companies a week ago, according to a media report.
The Financial Post reported Wednesday it has obtained a document prepared for Samsung by New York-based investment bank Evercore Partners that outlines the case for and the potential structure of a possible BlackBerry acquisition.
The two companies declined to comment, the Post said.
On Jan. 14, BlackBerry responded to a 30-per-cent jump in its stock price, saying that it has not engaged in discussions with Samsung about a possible takeover.
The response followed a report from Reuters news agency which said Samsung had met with BlackBerry executives over the possibility of buying the Canadian company for as much as US$7.5 billion.
The news agency cited both a source familiar with the proposal and related documents.
With files from The Canadian Press
