Samsung will not buy BlackBerry
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Back in mid-November 2014, Samsung and BlackBerry signed an agreement to sell each other's mobile security solutions. Earlier today, Reuters published news about a report allegedly coming from an insider familiar with the matter who claimed Samsung wants to buy BlackBerry for $7.5 billion. Soon after the rumor made it online, BlackBerry stepped up and denied it.
"BlackBerry Limited (NASDAQ:BBRY)(TSX:BB) (“BlackBerry”) is aware of certain press reports published today with respect to a possible offer by Samsung to purchase BlackBerry. BlackBerry has not engaged in discussions with Samsung with respect to any possible offer to purchase BlackBerry. BlackBerry’s policy is not to comment on rumors or speculation, and accordingly it does not intend to comment further," reads BlackBerry's official statement.
BlackBerry has an impressive patent portfolio and despite its tough last few years still has a few attractive smartphones on the market, especially the square screen Passport. Even if Samsung is not negotiating this purchase now, it does not mean it cannot happen at a later time. Remains to see what the future holds for BlackBerry and be sure we will keep you posted.