Nigeria Tech
- Blackberry's Plan For 2016
BlackBerry Inc. formerly known as Research In Motion have been taking new strides in the past months in other to stay relevant in the smartphone industry. For the most parts, the plan is working and BlackBerry is seeing substantial attention from smartphone...
- Blackberry Was Asked 4 Years Ago To Tackle Whatsapp But Refused
Four years ago, a former employee of BlackBerry who is now the founder of Kik messaging app, Ted Livingston, told executives in BlackBerry to make BBM available to both Android and iPhone so that it can curb the strength Whatsapp is having on these devices...
- Blackberry Could Lose $2.6 Billion In 1 Year And Go Extinct
Things have been going really rough for BlackBerry since the start of 2013, in fact we can say since the entrance of Apple and Google into the smartphone business. But things aren't as bad as they are now. The company is losing not just customers...
- Blackberry Sold To Fairfax For $4.7 Billion
Most of the media was busy bashing and writing about the 4500 job cut and the almost $1 billion loss being the last nail in the coffin for BlackBerry. Not to even talk about the failed launch of BBM for Android and iPhone last week, today...
- Blackberry Company Crumbles And Soon To Be Sold
BlackBerry is on the verge of losing it, Oh BlackBerry, I so love you and don't want your name to go into the bin like some have. Research In Motion, you failed to keep researching and developing, you ignored your former name and ended up in...
Nigeria Tech
Samsung offers Blackberry $7.5 billion to Takeover
BlackBerry denied earlier reports it was in talks with smartphone-maker Samsung about a potential takeover."BlackBerry has not engaged in discussions with Samsung with respect to any possible offer to purchase BlackBerry," the company said in a statement. "BlackBerry's policy is not to comment on rumors or speculation, and accordingly it does not intend to comment further. "
Later Wednesday, Samsung also denied making a takeover offer.
BlackBerry ended the session about 30 percent higher on a Reuters report that said Samsung had offered to buy the company for as much as $7.5 billion, in hopes of gaining access to its patent portfolio, according to a person familiar with the matter and documents seen by Reuters.
Reuters stood by its previous report and said executives from both companies met last week to discuss a potential transaction.
Separately on Wednesday, Canadian newspaper Globe and Mail reported BlackBerry has shunned a handful of takeover overtures in recent months as its board and largest investor think its restructuring strategy will deliver greater shareholder value than current acquisition offers.
BlackBerry shares closed at $12.59, its highest stock price since June 2013, making its the company's best day in more than 11 years.
The stock gave back much of those gains after BlackBerry shot down the Samsung report. It was last trading below $11 per share, down about 16 percent in after-hour trading.
Samsung's strength as the No. 1 global smartphone marker has been built on making devices for the consumer market, which has become crowded in recent years. With a takeover of Blackberry, Samsung could make greater inroads into the corporate market, where it has trailed rivals.
Stay up-to-date with ZealTech
- Blackberry's Plan For 2016
BlackBerry Inc. formerly known as Research In Motion have been taking new strides in the past months in other to stay relevant in the smartphone industry. For the most parts, the plan is working and BlackBerry is seeing substantial attention from smartphone...
- Blackberry Was Asked 4 Years Ago To Tackle Whatsapp But Refused
Four years ago, a former employee of BlackBerry who is now the founder of Kik messaging app, Ted Livingston, told executives in BlackBerry to make BBM available to both Android and iPhone so that it can curb the strength Whatsapp is having on these devices...
- Blackberry Could Lose $2.6 Billion In 1 Year And Go Extinct
Things have been going really rough for BlackBerry since the start of 2013, in fact we can say since the entrance of Apple and Google into the smartphone business. But things aren't as bad as they are now. The company is losing not just customers...
- Blackberry Sold To Fairfax For $4.7 Billion
Most of the media was busy bashing and writing about the 4500 job cut and the almost $1 billion loss being the last nail in the coffin for BlackBerry. Not to even talk about the failed launch of BBM for Android and iPhone last week, today...
- Blackberry Company Crumbles And Soon To Be Sold
BlackBerry is on the verge of losing it, Oh BlackBerry, I so love you and don't want your name to go into the bin like some have. Research In Motion, you failed to keep researching and developing, you ignored your former name and ended up in...