Samsung’s co-CEO says company wants to work with BlackBerry not ‘buy it outright’

News / Mobile phones

Samsung’s co-CEO says company wants to work with BlackBerry not ‘buy it outright’

  • 2015-02-13 12:32:25
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News / Mobile phones Samsung’s co-CEO says company wants to work with BlackBerry not ‘buy it outright’

On January 14, a report surfaced, citing anonymous sources and documents pertaining to the matter, that Samsung had put in an acquisition offer to BlackBerry for upwards of $7.5 billion.

That acquisition deal, while one for the record books in terms of a pair of companies coming together, was strictly about the patent portfolio that BlackBerry houses within its headquarters. What’s more, this is not the first time that a report like this has surfaced, with Samsung being one of the sole companies that continuously gets picked for the one to buy BlackBerry at any point down the road.

It surely won’t be the last, either. Especially following comments from Samsung’s co-CEO, J.K. Shin.

The Wall Street Journal followed up with the co-CEO of one of the biggest manufacturers on the planet, to weigh these latest rumors that the company would be buying BlackBerry soon. Shin confirmed that BlackBerry is indeed a company that Samsung would like to work with, especially when it relates to the technology that powers its mobile phones, but that any talks of an acquisition are simply not true.

We want to work with BlackBerry and develop this partnership, not acquire the company,” J.K. Shin, who heads Samsung’s mobile-phone business, said in a statement to The Wall Street Journal.

Shin did confirm that Samsung is in talks with BlackBerry at the moment regarding that working relationship, but according to the report just what those talks consist of is unknown. As mentioned earlier, with Samsung working with BlackBerry in any capacity, the talks regarding the larger of the pair of companies buying the other will surely continue. Indeed, BlackBerry’s patent portfolio is quite large, and it would certainly be a boon for Samsung to grab it in an acquisition, but it seems that, at least for now, that’s not in the cards.

Are you surprised?

[via The Wall Street Journal]


Categories: Mobile phones

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