Apple competitor Samsung is reportedly in talks to buy BlackBerry for $7.5 billion
Apple competitor Samsung is making a strong play to purchase beleaguered smartphone maker BlackBerry for $7.5 billion. That’s according to a new report from Reuters.
Samsung, in a hunt for BlackBerry’s extensive patent portfolio, wants to purchase the company for a premium of anywhere from 38 to 60 percent more than its current stock price.
Apple and Samsung have an interesting relationship, to say the least. While Apple has garnered a number of high-profile legal wins against the South Korean company in patent trials, Samsung has been a long-time provider of components for iOS devices like the A-series chip.
BlackBerry, once a smartphone icon, has fallen by the wayside in the past few years thanks to increased sales by both Apple and Samsung.
It will definitely be interesting to see whether Samsung can pull off the purchase. I suspect along with patents, Samsung sees BlackBerry as its best way to make the push into the enterprise sector, which still has room for growth.
That was one of the main reasons behind Apple’s partnership with IBM, which was first announced in mid-2014.
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