Monday, January 26, 2015

Samsung offer for buying Blackberry is not enough.

Reuters  is coming back with the story and say their sources that want to keep it private ,people familiar with the matter and documents Reuters have seen, are exposing a Samsung buying Blackberry proposal offer.

Samsung is interested more  on the Blackberry patents than in the whole company. However the South Korean giant will have to buy the whole package, work with what they really need and shut down what they don`t need. The offer reachs to $7.5 billion.

Samsung initialy offer $13.35 to $15.49 per share, representing a premium of 38 % to 60% over Blackberry`s current price.

Ross Healy, a portfolio manager at MacNicol & Associates, which owns a small stake in Blackberry, said Samsung's reported offer undervalues the company. “To get a hold of the BlackBerry network and all its secure features, that would be a real coup for Samsung, looking to differentiate themselves from Apple and from others," he said.

The road is not easy for Samsung.  In 2013, the Canadian government had strongly hinted to BlackBerry that any sale to China’s Lenovo Group would be rejected due to security concerns, sources told Reuters at the time. Harper's office wouldn't comment on the report on Wednesday but sources familiar with the Canadian government's thinking said a Samsung buyout was unlikely to raise such concerns.

BlackBerry announced a high-profile security partnership with Samsung in November. The partnership will wed BlackBerry's security platform with the South Korean company's own security software for its Galaxy devices.

Shares of Blackberry jumped as much as 30 percent on heavy volume in afternoon trading at $29.71 per share in New York.

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