Blackberry and Samsung Electronics have dismissed repeated claims made Reuters that two mobile manufacturing companies were working on an acquisition deal.
In its report, the newswire reported that an undisclosed source cited that Korea’s Samsung had made an offer to acquire Blackberry for an estimated US$7.5 billion to get access to its copyrights portfolio in a bid to outpace its rival Apple. The newswire made claims that it had seen documents regarding this development.
“Samsung proposed an initial price range of US$13.35 to US$15.49/share, a premium of up to 60% over BlackBerry’s current trading price,” said the report.
This dismissed report had a positive impact on BlackBerry that saw Canada’s mobile manufacturer’s share price going up by 30% by the close in the New York Wednesday night.
But Blackberry made a report refuting to these claims. A report by BlackBerry reads, “BlackBerry has not engaged in discussions with Samsung with respect to any possible offer to purchase BlackBerry.”
“BlackBerry’s policy is not to comment on nay rumors or speculation, and accordingly it does not intend to comment further.”