BlackBerry, Samsung Deny Holding M&A Talks

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BlackBerry and Samsung have both denied reports that they are in talks regarding a potential merger between the smartphone makers.

Reuters reported on Wednesday that Samsung has offered up to $7.5 billion to acquire BlackBerry – an up to 60% premium on the smartphone maker’s current share price.

A $7.5 billion purchase would mark Samsung’s most expensive acquisition. Its current record was an internal acquisition by the Samsung Group – Samsung Electronics paid $3.8 billion for a 36% stake in Samsung Mobile Display from Samsung SDI in 2012.

Samsung’s low-end offer would meanwhile be a 37% premium on BlackBerry’s trading price, according to the report. Click here to read more

Wahengbam Rorrkychand

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