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Samsung, Blackberry Deny Deal Talks

  • Bloomberg, Thursday, January 15, 2015 12:15 PM
Both BlackBerry and Samsung are flatly denying reports that they engaged in merger talks. In an email, Samsung tells Bloomberg that the reports are are “groundless.” In a statement, BlackBerry said it “has not engaged in discussions with Samsung.” Citing a source and supporting documents, Reuters reported that Samsung approached BlackBerry with an initial takeover offer of $13.35 to $15.49 a share, which would value BlackBerry at up to $7.5 billion.

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