Samsung To Acquire Blackberry For $7.5 Billion

If some sources are to be believed, Samsung Electronics has recently offered to buy Blackberry Ltd for a whopping $7.5 billion. The South Korean company has plans of overtaking Apple in the corporate world through this takeover. Samsung is reportedly also seeking Blackberry’s valuable patents through this deal.

According to the rumors doing round the market, Samsung has offered an initial price range of $13.35 to $15.49 per share. This price range represents a premium of 38% to 60% over Blackberry’s trading price right now.

Though there are various sources confirming the takeover talk news, both the companies currently seem to be in a denying mood.

According to a statement released by Waterloo, Ontario based Blackberry, "it has not engaged in discussions with Samsung with respect to any possible offer to purchase Blackberry."

Jini Park, Samsung Electronics, Spokeswoman also deemed the takeover reports as “groundless” and added that the South Korean company has absolutely no plans to buy Blackberry.

According to a report in Globe and Mail, a Canadian newspaper, Blackberry has rejected a lot of takeover offers in the past few months as the company’s investors and board believe that its restructuring strategy will deliver greater shareholder value than the current acquisition offers made to the company.

The report also mentions that the Blackberry board thinks that the current acquisition offers being made to the company are far below its potential asset value in the next few years.

Blackberry, the company that pioneered smartphones, is currently trying its level best to regain its market share that it lost to Apple Inc, Samsung and Google Inc. The Canadian company currently holds just a small fraction of the US Smartphone market. It had nearly half the US Smartphone market in the year 2009. Blackberry has even started selling mobile security softwares for its rivals’ tablet and smartphones in order to counter the fading popularity of its own Smartphones. The company now seems to be getting right back on track under the strong leadership of John Chen, its Chief Executive.

The Samsung-Blackberry deal will help the South Korean Company make greater inroads in the corporate world and establish itself as the number one manufacturer of Smartphones in the whole wide world.

Samsung To Acquire Blackberry For $7.5 Billion

If some sources are to be believed, Samsung Electronics has recently offered to buy Blackberry Ltd for a whopping $7.5 billion. The South Korean company has plans of overtaking Apple in the corporate world through this takeover. Samsung is reportedly also seeking Blackberry’s valuable patents through this deal.

According to the rumors doing round the market, Samsung has offered an initial price range of $13.35 to $15.49 per share. This price range represents a premium of 38% to 60% over Blackberry’s trading price right now.

Though there are various sources confirming the takeover talk news, both the companies currently seem to be in a denying mood.

According to a statement released by Waterloo, Ontario based Blackberry, "it has not engaged in discussions with Samsung with respect to any possible offer to purchase Blackberry."

Jini Park, Samsung Electronics, Spokeswoman also deemed the takeover reports as “groundless” and added that the South Korean company has absolutely no plans to buy Blackberry.

According to a report in Globe and Mail, a Canadian newspaper, Blackberry has rejected a lot of takeover offers in the past few months as the company’s investors and board believe that its restructuring strategy will deliver greater shareholder value than the current acquisition offers made to the company.

The report also mentions that the Blackberry board thinks that the current acquisition offers being made to the company are far below its potential asset value in the next few years.

Blackberry, the company that pioneered smartphones, is currently trying its level best to regain its market share that it lost to Apple Inc, Samsung and Google Inc. The Canadian company currently holds just a small fraction of the US Smartphone market. It had nearly half the US Smartphone market in the year 2009. Blackberry has even started selling mobile security softwares for its rivals’ tablet and smartphones in order to counter the fading popularity of its own Smartphones. The company now seems to be getting right back on track under the strong leadership of John Chen, its Chief Executive.

The Samsung-Blackberry deal will help the South Korean Company make greater inroads in the corporate world and establish itself as the number one manufacturer of Smartphones in the whole wide world.

Be safe 24x7 using Smart24x7 mobile App

Smart24x7 is a safety application that empowers its users against incidents of violence, crime, stress, anxiety taking place in our daily life. It does so by sending stress signals and calling aid in case of an emergency. The app was initially launched in 2013 but after seeing the recent developments in the country, the app has been upgraded and revamped.

Smart24x7 is available across all leading platforms. The app is available for free download for Android, iPhone, Windows and Blackberry mobiles and devices

The app has been widely accepted by the public. It has got over more than 70,000 downloads since the day of its launch. The app has had a successful launch in Jammu, Gurgaon and Jalandhar and is being used by their police to nab the criminals and help the users.  The app will soon be launched in Noida, Mehrauli, Kashmir, Bangalore and Lucknow too while discussions are still in the initial stage with Rajasthan, Goa, Hyderabad and Mumbai.

Nowadays, newspapers are filled with stories of crime and violence. Security and safety of their own and loved ones top the priority of most individuals. Smart24x7 Response services Pvt. Ltd understand this concern and hence it has designed this phenomenal personal safety app.

Smart24x7 comes packed with great features. It instantly sends panic alerts to your loved ones if the user presses PANIC button. In addition, if the GPRS of the phone is not working, it will send alerts through SMS. It makes the user instantly available with help from Police, Hospitals located nearby to the location of the user. The app even lets the user to feed his or her medical history which could be used in case of a medical emergency. Smart24x7 also does voice recording and clicks pictures during the emergency which are then directly transferred to the police. It has also introduced a new ‘On the way to Office/home’ features which keeps the loved ones informed about the users current status.

It allows a user to save five primary contacts to which the user wants to send an alert in time of an emergency. The app doesn’t require internet connectivity. Whenever the PANIC button is pressed, it results in the deduction of 30 rupees from the phone balance.

Smart24x7 is a much needed app in today’s time. It gives you a sense of security and safety even when you are away from home.

Be safe 24x7 using Smart24x7 mobile App

Smart24x7 is a safety application that empowers its users against incidents of violence, crime, stress, anxiety taking place in our daily life. It does so by sending stress signals and calling aid in case of an emergency. The app was initially launched in 2013 but after seeing the recent developments in the country, the app has been upgraded and revamped.

Smart24x7 is available across all leading platforms. The app is available for free download for Android, iPhone, Windows and Blackberry mobiles and devices

The app has been widely accepted by the public. It has got over more than 70,000 downloads since the day of its launch. The app has had a successful launch in Jammu, Gurgaon and Jalandhar and is being used by their police to nab the criminals and help the users.  The app will soon be launched in Noida, Mehrauli, Kashmir, Bangalore and Lucknow too while discussions are still in the initial stage with Rajasthan, Goa, Hyderabad and Mumbai.

Nowadays, newspapers are filled with stories of crime and violence. Security and safety of their own and loved ones top the priority of most individuals. Smart24x7 Response services Pvt. Ltd understand this concern and hence it has designed this phenomenal personal safety app.

Smart24x7 comes packed with great features. It instantly sends panic alerts to your loved ones if the user presses PANIC button. In addition, if the GPRS of the phone is not working, it will send alerts through SMS. It makes the user instantly available with help from Police, Hospitals located nearby to the location of the user. The app even lets the user to feed his or her medical history which could be used in case of a medical emergency. Smart24x7 also does voice recording and clicks pictures during the emergency which are then directly transferred to the police. It has also introduced a new ‘On the way to Office/home’ features which keeps the loved ones informed about the users current status.

It allows a user to save five primary contacts to which the user wants to send an alert in time of an emergency. The app doesn’t require internet connectivity. Whenever the PANIC button is pressed, it results in the deduction of 30 rupees from the phone balance.

Smart24x7 is a much needed app in today’s time. It gives you a sense of security and safety even when you are away from home.