+- Cricket Windies (https://cricketwindies.com)
+-- Forum: What’s on Your Mind? (https://cricketwindies.com/forum-3.html)
+--- Forum: The Water Cooler! (https://cricketwindies.com/forum-4.html)
+--- Thread: BlackBerry denies it met with Samsung execs over potential takeover (/thread-22481.html)
BlackBerry denies it met with Samsung execs over potential takeover - chairman - 01-15-2015
TORONTO -- BlackBerry has responded to a dramatic jump in its stock price, saying late Wednesday that it has not engaged in discussions with Samsung Electronics Co. Ltd. about a possible takeover.
The response followed a report from Reuters news agency which said Samsung had met with BlackBerry executives over the possibility of buying the Canadian company for as much as US$7.5 billion. The news agency cited both a source familiar with the proposal and related documents.
BlackBerry (TSX:BB) shares jumped nearly 30 per cent after the report emerged, leading the company to react with a public statement.