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Samsung Elec says has no plan to acquire Blackberry
[SEOUL] South Korea's Samsung Electronics Co Ltd said on Thursday that it had no plan to buy Canada's Blackberry Ltd, denying a Reuters report on a takeover approach. "Media reports of the acquisition are groundless," a Samsung spokeswoman told Reuters.
Samsung recently offered to buy BlackBerry for as much as US$7.5 billion, seeking its valuable patents as it battles Apple in the corporate market, according to a person familiar with the matter and documents seen by Reuters.
Blackberry said in a statement that it had not engaged in discussions with Samsung with respect to any purchase offer.