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BlackBerry denies it met with Samsung execs over potential takeover

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15 Jan 2015 08:24 #233498 by chairman
TORONTO -- BlackBerry has responded to a dramatic jump in its stock price, saying late Wednesday that it has not engaged in discussions with Samsung Electronics Co. Ltd. about a possible takeover.

The response followed a report from Reuters news agency which said Samsung had met with BlackBerry executives over the possibility of buying the Canadian company for as much as US$7.5 billion. The news agency cited both a source familiar with the proposal and related documents.

BlackBerry (TSX:BB) shares jumped nearly 30 per cent after the report emerged, leading the company to react with a public statement.

Always tell someone how you feel because opportunities are lost in the blink of an eye but regret can last a lifetime.
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Kenny
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