Samsung still open to BlackBerry acquisition

Samsung logoSamsung is still interested in acquiring BlackBerry, according to rumor. A document allegedly created by investment bank Evercore Partners for Samsung seems to suggest Samsung has been mulling over a purchase of the competing smartphone producer for some time, and according to sources, is still very much interested in the prospect despite denials from both BlackBerry and Samsung.

The document received by the Financial Post is said to describe BlackBerry's software as "complementary to Samsung's service platform," specifically its BES12 servers and their usefulness in the enterprise market. While Samsung has its Knox system in place and is also actively working with BlackBerry in the field, enterprise is still an area where Samsung struggles.

It also covers the overall positive and negative sides of the different ways Samsung could acquire the company. A noted suggestion is for Samsung to become a minority shareholder in BlackBerry, in order to avoid the same regulatory issues that Lenovo came across during its 2013 attempt to buy out the manufacturer. Prem Watsa, CEO of major shareholder Fairfax Financial Holdings, is named as someone who could help the overall deal take place, with a suggested purchase price of between $13.35 and $15.49 per share valuing Blackberry at between $7 billion and $8 billion.

The future of BlackBerry is also claimed by the document to be pretty good. A chart supplied in the document suggests BlackBerry's hardware revenue will stabilize, with its software revenue increasing from $235 million in 2014 to $636 million in 2017.

Despite the two companies outright denying last week's acquisition rumor, the report's source insists Samsung is still interested in the prospect, claiming "Samsung hasn't walked away. They're leaning towards it."

Source: Electronista

Tags: BlackBerry, Samsung

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