NEW YORK: Samsung has offered to buy BlackBerry for $7.5 billion. South Korea’s Samsung proposed an initial price range of $13.35 to $15.49 per share, representing a premium of 38 percent to 60 percent over BlackBerry’s current trading price.
It has been reported that 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.
The board believes offering prices, some in excess of $ 7 billion, fall well below BlackBerry’s potential asset value in the next few years.
Blackberry, a one-time investor darling that pioneered smartphones, has regained some of its lost swagger under Chief Executive John Chen, who is leading a bid to regain market share it has lost to Apple, Google and Samsung.
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