Reuters is reporting this afternoon that Samsung has approached BlackBerry and made an offer for a takeover valued at around $7.5 billion.
According to the report, the South Korean giant proposed an initial price range of $13.35 to $15.49 per share – an premium of 38 to 60 percent over BlackBerry’s trading price currently. Reuters estimates the offer price would “imply an enterprise value of $6 billion to $7.5 billion for BlackBerry.”
Executives from both companies met last week to discuss a potential deal, a source said. Talks continue to remain private which explains why neither company has made official comment about it.
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Update 5:37pm EST: BlackBerry has posted a press release denying any talks between Samsung and their executives about a takeover bid. Check out our report here for more.