Samsung has reportedly reached out to BlackBerry to acquire the struggling smartphone maker, Reuters reports. According to sources, Samsung has offered BlackBerry as much as $7.5 billion, with an initial price range of $13.35 to $15.49 per share – a 38 to 60 percent premium over BlackBerry’s current trading price, the report says. Also Read - Samsung now lets you make an appointment to shop at its stores, book demo via WhatsAppAlso Read - Galaxy S21 FE flaunts itself again on benchmark, reveals RAM for high-end Samsung model
The move comes at a time when Samsung is struggling in the high-end smartphone segment against Apple and Chinese smartphone vendors in the entry-level space. Samsung had attempted to get into the enterprise segment with its Knox security solution that didn’t yield any significant upside. BlackBerry had criticized Samsung’s efforts early last year and later partnered with Samsung in November to improve security on its Galaxy range of smartphones and tablets. Also Read - Samsung Galaxy M32 leaked specs make it look slightly better than Galaxy M42 5G
Also on BGR India: Three reasons why Samsung would acquire BlackBerry
If Samsung and BlackBerry manage to reach a deal, it would be a big win for CEO John Chen, who was brought in to either help sell the company or turn it around. For Samsung, BlackBerry would not just give it a formidable patent portfolio but also a leg deep into the enterprise segment. The latter is equally crucial after Apple announced a strategic tie-up with IBM to ensure iOS devices get traction in the enterprise space.
Watch this space for more.