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.
The real loser in a Samsung purchase of BlackBerry Ltd (BBRY) could be Google Inc (GOOGL)
According to Reuters, SAMSUNG ELECT LTD(F) (OTCMKTS:SSNLF) has made a takeover approach to BlackBerry Ltd (NASDAQ:BBRY)(TSE:BB), in a price range of $13.35 to $15.49 per share. The offer would value BlackBerry at $6 billion to $7.5 billion, assuming a conversion of $1.25 billion in convertible debt.
Could this mean replacement of Android?
(Reccommended: BlackBerry Ltd (BBRY) QNX Now In 50 Million Vehicles)
Regulatory Approval would be necessary
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