Will Samsung use some of its US$63b cash pile on tech takeovers?

Seoul

WHETHER Samsung Electronics Co has BlackBerry Ltd in its sights, it should spend some of its US$63 billion of cash on takeovers.

Samsung, which has an alliance with BlackBerry, this month denied reports that it had proposed buying the Canadian smartphone maker for as much as US$7.5 billion. Even so, a takeover would give Samsung the software to help its products communicate, according to Current Analysis Inc.