Samsung Denies Interest In Acquiring Blackberry

Samsung co-Chief Executive Officer Shin Jong Kyun has denied is firm’s interest in acquiring BlackBerry Ltd, saying instead it was holding talks to use the Canadian smartphone maker’s technology in Samsung devices.

The comments came five days after Reuters reported that the South Korean company proposed buying BlackBerry for as much as $7.5 billion. Both companies denied the story, which cited documents and an unnamed person familiar with the matter.

“We want to work with BlackBerry and develop this partnership, not acquire the company,” Shin said in an e-mail to Bloomberg. “BlackBerry is one of our important business-to-business strategic partners.”

That cooperation was one piece of BlackBerry CEO John Chen’s efforts to focus on business users and security as he aims to reach sustainable profit and revenue growth in the fiscal year that ends in 2016.

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About Unknown

Deji Sadiq, a.k.a DEJI OF LAGOS is a LASU trained Economist turned freelance journalist, a Blogger, an information strategist, a public affairs analyst and a committed activist with a passion for equal opportunities.