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Samsung Says it is not Buying Blackberry


News by Luke Jones on Wednesday January 21, 2015.

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A report last week from Reuters suggested Blackberry and Samsung were in talks for the latter to buy the former for $7.5 billion. The outlet said that the Korean giant is interested in Blackberry's significant portfolio of patents, not so much its hardware. Blackberry quickly responded by denying the reports, and now Samsung (although taking a little longer) has done the same.

JK Shin, Samsung's co-CEO, has told the Wall Street Journal that the companies have been talking, but about the chance "to work with BlackBerry and develop this partnership, not acquire the company." Blackberry's earlier response also flatly denied any buyout possibility, "BlackBerry has not engaged in discussions with Samsung with respect to any possible offer to purchase BlackBerry".

Reuters is sticking to its guns though and says it has seen documental evidence, and of course this wouldn't be the first time companies have denied something only for it to happen. However, Samsung's statement through Shin seems to address the situation more clearly, so expect some sort of Samsung/Blackberry collaboration, but not a buyout.

 
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Luke Jones
Luke Jones is the Managing Editor at MobileBurn.com and is the person you need to speak to about the content on the site. Luke studied creative writing at degree level before carving out a reputation as a freelance tech writer. He settled here at MobileBurn, where he reviews devices and contributes to the news, as well as overseeing the site's content and direction.

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