Samsung Talks About Buying BlackBerry For Up To $7.5 Billion!

According to sources of Reuters, who had eyes on with the paperwork, Samsung is currently in negotiations to purchase BlackBerry outright. The high premium on BB’s current trading price, Samsung could spend anywhere from $6 billion to $7.5 billion to acquire BlackBerry’s valuable patent portfolio. The meetings between executives to discuss a transaction began last week, but as of right now, there is no word from either company regarding the process. As it stands, in late 2013, BlackBerry’s patents based on encryption and other miscellaneous IT were valued at roughly $2.25 billion.

While we are now in early 2015, not much has changed for BlackBerry. The company’s smartphone sector has still been touting its secure network for users, essentially keeping it alive for those people who need high security on their info. Samsung and the continued push of KNOX, its enterprise-level security platform, a hit of up to $7.5 billion for encryption patents could prove valuable in the longterm. Samsung’s strength as the No. 1 global smart phone maker has been built on making devices for the consumer market, which has become crowded in recent years. With a takeover of Blackberry, Samsung could make greater inroads into the corporate market, where it has trailed rivals.