According to the latest reports from Reuters, planet’s leading smartphone manufacture Samsung has recently shown its interest in the purchase of troubled Canadian Smartphone maker BlackBerry Ltd for a whopping $7.5 billion.
The source also said that Samsung proposed a starting price range of $13.35 to $15.49 per each share, which indicates a premium of 38 percent – 60 percent over BlackBerry’s present trading price. Samsung is said to get access to the patent portfolio by investing such a gigantic amount in the drowning Canadian firm.
The documents of this agreement reveals that price from Samsung would be an enterprise value of $6 billion to $7.5 billion for BlackBerry, thus supposing conversion of $1.25 billion of convertible debt.
In this regard, a high-profile meeting was held between the officials of both companies along with advisers in a bid to debate a possible takeover. The source also mentioned that the meeting was organized in a very confidential manner.
BlackBerry officials have rejected to make any headlines on this natter at the moment whereas Samsung has a habit of surprising its users since a long time. So sit tight and wait for the coming days when the picture of this story gets more vivid.