If the rumor is true, Samsung may be considering the purchase of the Ontario-based BlackBerry for as much as $7.5B.
According to Reuters, who have seen documents and who has a source familiar with the matter, Samsung is considering purchasing BlackBerry seeking its valuable patents as it battles Apple.
Reuters comments that Samsung’s strength as the No. 1 global smart phone marker has been built on making devices for the consumer market, which has become crowded in recent years, but with a takeover of Blackberry, it could help the Korean-based Samsung with the corporate market.
Not straying too far from it’s current business model, BlackBerry just launched its long-awaited Classic model on Wednesday, hoping to help win back a share of the smartphone market share. The smartphone resembles its once popular Bold and Curve handsets with its classic physical keyboard.
BlackBerry issued a released on the matter and said that while it’s aware of certain press reports published Wednesday with respect to a possible offer by Samsung to purchase BlackBerry, it “has not engaged in discussions with Samsung with respect to any possible offer to purchase BlackBerry” and that “BlackBerry’s policy is not to comment on rumors or speculation, and accordingly it does not intend to comment further.”