Samsung set to buy blackberry

Samsung Offer To Buy Blackberry
4 weeks ago

Reuters claim that sources close to its media
agency say Samsung Electronics recently offered
to buy BlackBerry Ltd for as much as $7.5 billion,
seeking its valuable patents as it battles Apple in
the corporate market.

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, the source said
on Wednesday

Representatives from the two companies, which are
working with advisers, met last week to discuss a
potential transaction, the source said, asking not to
be identified because the conversations are private.

Samsung and Blackberry are among the best
smartphones
that can be found in the mobile market.