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Startups & Tech

Samsung Elec says has no plan to acquire Blackberry

Published Thu, Jan 15, 2015 · 12:54 AM
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[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.

REUTERS

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