BlackBerry, Samsung repudiate news of takeover talks

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BlackBerry Ltd. and Samsung Electronics Co. denied a news that they are in talks for Samsung to make a takeover offer for a Canadian company.

“BlackBerry has not intent in discussions with Samsung with honour to any probable offer to squeeze BlackBerry,” a association pronounced in a matter Wednesday.

Samsung Electronics mouthpiece Jini Park pronounced a news is “groundless” and a Korean association doesn’t have a devise to squeeze a Canadian company.

A Reuters report, citing a chairman that it didn’t identify, pronounced that executives met final week to plead a intensity deal. South Korea-based Samsung offering to buy BlackBerry for $13.35 to $15.49 per share, valuing a association during as many as $7.5 billion, according to a report.

BlackBerry batch jumped scarcely 30 percent, or $2.89, Wednesday to tighten during $12.60. But it slid as many as 16 percent in aftermarket trade after a Canadian association denied a report.

Any unfamiliar takeover would need capitulation from a Canadian government. Asked if a Canadian supervision has been approached about a deal, Jessica Fletcher, a mouthpiece for Canadian Industry Minister James Moore, said: “We don’t criticism on rumors and speculation.”

BlackBerry has been incompetent to contest with Apple’s iPhone or Android smartphones done by Samsung and other companies. It now binds a tiny fragment of a U.S. smartphone market. It had scarcely half a marketplace in 2009.

The association has been expanding a efforts to sell mobile-security program for a rivals’ smartphones and tablets to assistance opposite a loss recognition of a possess devices.

It denounced a latest phone, a Classic, in December. Aimed during a business user, a Classic has a normal keyboard, distinct a touchscreens that are on a many renouned smartphones. But either BlackBerry will sell adequate of them to stay applicable in a hardware business is unclear.

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