Reuters: Samsung looking to buy BlackBerry for $7.5B [Update: BlackBerry denies rumor]


It’s not often a non-T-Mobile related story pops up that I think is big enough to warrant sharing with TmoNews readers, but the latest exclusive from Reuters is definitely an exception. The well-respected publication reports that Samsung has made an offer to buy BlackBerry for “as much as $7.5 billion”. Allegedly, Samsung’s prime motivation is to “gain access to its patent portfolio”. The site claims to have seen documents, as well as been told by its source “familiar with the matter.”

Samsung’s initial price range is between $13.35 and $15.49 per share, which is between 38 percent to 60 percent more than BBerry’s current trading price. The total value of the offer could be between $6B and $7.5B. As you’d expect, representatives from both companies haven’t replied to requests for comment yet. However, it’s rumored that executives from Samsung and BlackBerry met last week to discuss the deal.

Of course, if the deal did go through it could play out in a number of ways. First – and a big blow to BlackBerry fans – Samsung could close down the mobile arm and just use the company for its patents. Second – Samsung could simply rebrand BlackBerry devices as Samsung phones, keep the keyboards but run its own software on them. Presumably this would be Android/TouchWiz mashup.

But the big deal here, I think, is the security and encryption software. BlackBerry is trusted by governments and Fortune 500 companies. And its latest Enterprise Services (BES 12) is even more secure and protected than anything in the past. Samsung has Knox, which – although secure – hasn’t quite reached the level of trust that BlackBerry has managed. If Sammy could take BES 12, mix it up with Knox and release Samsung security services with the resulting concoction, government bodies might suddenly start buying thousands of Galaxies. Samsung would become a big enterprise player almost overnight.

Of course, this is hypothetical. But the fact that both are talking is a big deal. Do you think we’ll see Android-running, Knox-equipped BlackBerry phones? Or is the BlackBerry name going to disappear from the face of the earth? Let us know your thoughts in the comments.

UPDATE: BlackBerry has denied the rumors in a press release:

Waterloo, ON – BlackBerry Limited (NASDAQ: BBRY; TSX: BB) (“BlackBerry”) is aware of certain press reports published today with respect to a possible offer by Samsung to purchase BlackBerry. 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 rumors or speculation, and accordingly it does not intend to comment further.

Source: Reuters

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  • Stone Cold

    Huge if this happens

  • Nathan S.

    I think it is about time for something like this to happen.

  • Jay J. Blanco

    Random but wow

  • steveb944

    RIP RIM.

    We’ll be seeing Tinzen-running, Knox-equipped BlackBerry phones. Oh the horror.

    • Technically “RIM” is already resting in peace. ;)

      • monkeybutts

        what can you say about RIM jobs?

        • gmo8492

          Is that suppose to be Steve Jobs long lost brother?

      • Luis Espinal

        I love it…RIM=Resting in Moratorium

      • eanfoso

        You’re a retard, BlackBerry is not technically dead, don’t you have something better to do than troll?

  • sushimane

    Samsung would be the most secured os ever. Their gonna take over the world

  • Deadeye37

    After seeing the updated article, I totally think this is happening :)

  • silverhawknike

    Very surprising!

  • S. Ali

    > BlackBerry’s policy is not to comment on rumors or speculation, and accordingly it does not intend to comment further.

    ….but that’s what they just did? Doesn’t that imply that this ISN’T a rumor, since they commented on it.

    • Nerd_Baller

      Lol, you so funny. How do you answer a question about a rumor if your policy is to not answer in a press conference?

  • Irfan

    good offer , bb is failing in this new tech world yo b honest

  • Mr Paul

    Good. It’s about time something happened with Blackberry…

  • Paul Garrison

    I’m surprised it took this long for someone to scoop BB up, I thought Google would do it though.

  • gpt2010

    I don’t think it Samsung would shut down Blackberry to keep their patents only. This would be a perfect move for Samsung since Tizen isn’t catching on the way they wanted. It would give them a better known OS so that they can eventually drop Android. Although that might be several years from now. It could work out great for both companies in the end. I wonder why Samsung refused it the first time around when Blackberry wanted to sell to them. They must have realized the potential of Blackberry and all the patents. Plus, getting the contract for Ford’s new Sync system in all future cars helps too.

    • eAbyss

      Patents are all Blackberry’s good for.

      • Mr Paul

        Yes. Ever since iOS and then more importantly Android entered the scene, Blackberry became useless.

  • goriila

    I don’t know why anybody would want to buy Blackberry…
    They are good as dead right now.

    • krazytrixxxsta

      BlackBerry have a large portfolio of patents.

  • eAbyss

    Blackberry!? I think Samsung’s over bidding by 7.499 billion.

  • Laststop311

    im sure there is something else samsung can do with 7.5 billion dollars that would help them out more than this. I’d prefer to see this money invested into oled screen technology. Finally solve the issues with the uneven aging of the blue oled compared to green and red and the burn in problem so we can start seeing laptops and computer monitors released with oled tech. Whoever fixes those 2 issues with oled first will be in a dominating position. I would love a nice 15 inch 1920×1080 ultrabook.

  • Woah calm down. We were referring to the fact that Research in Motion officially changed its name to BlackBerry. No slurs necessary out of you.

  • outahere

    “In a strange twist, Apple’s new iPhone 6 and 6 Plus are outpacing the sales of the Galaxy Note 4 on Samsung’s home turf in South Korea. According to Wall Street Journal pre-orders for the new iPhone models reached 100,000 units on the first day, as compared to 30,000 for the Note 4.” This was back in Oct 27th 2014. Something went sideways at Samsung.

  • so where

    7.5?! lol BB is worth maybe 2 billion. Honestly thats just for the patents and name. Their software and hardware is behind the curve.