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Report: Samsung Pursuing BlackBerry Purchase

Report: Samsung Pursuing BlackBerry PurchaseLast week, Reuters reported that Samsung had made a recent offer to buy BlackBerry for as much as US$7.5 billion, with both Samsung and BlackBerry denying the report.

However, the Financial Post has reported it has obtained a document, prepared for Samsung by New York-based independent investment bank Evercore Partners, detailing various takeover strategies, including options for a full or partial takeover.

The document, prepared in the last quarter of 2014, notes a key question is whether Samsung can achieve its objectives with less than 100 per cent ownership, according to the report.

“I can tell you Samsung is contemplating a purchase,” the Financial Post reported a source close to the matter as stating.

“It’s still being pursued right now. Samsung is still evaluating their options. So it’s still very much an open deal.”