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Hungry for Patents, Samsung Approaches BlackBerry About a Buyout

2015-01-15 00:56:04| Semiconductors - Topix.net

Samsung Electronics Co Ltd recently approached BlackBerry Ltd about buying the company for as much as $7.5 billion, looking to gain access to its patent portfolio, according to a person familiar with the matter and documents seen by Reuters. South Korea's Samsung proposed an initial price range of $13.35 to $15.49 per share, which represents a premium of 38 percent to 60 percent over BlackBerry's current trading price, the source said.

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Category:Electronics and Electrical

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