Wednesday, January 14, 2015

Samsung approached the BlackBerry on purchase of the company … – DCI

Samsung approached the BlackBerry on purchase of the company … – DCI

01/14/2015 – 19h44

Reuters

NEW YORK (Reuters) – South Korea’s Samsung came up recently on the BlackBerry the purchase of the company by up to $ 7.5 billion, seeking access to the Canadian company’s patent portfolio, according to a person close to the matter and documents to which was obtained by Reuters.

Samsung proposed price from 13.35 to 15.49 per share, representing a premium 38-60 percent over the current price of BlackBerry’s shares, the source said.

executives of the two companies, which are working with advisors, met last week to discuss a potential transaction, said the source, who asked not to be identified because the subject is private.

The actions BlackBerry rose more than 30 percent on the afternoon of Wednesday on the New York Stock Exchange.

The offer price represents an assessment of the BlackBerry to be worth between 6 billion and $ 7.5 billion, considering $ 1.25 billion in convertible debt, according to the documents.

The BlackBerry announced a security-focused partnership with Samsung in November. The partnership would unite the BlackBerry security platform with Samsung security software for its Galaxy devices.

BlackBerry officials declined to comment, while Samsung can not be immediately contacted.

(By Jennifer Ablan and Liana Baker)

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