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Samsung Wants to Partner With BlackBerry, Not Acquire it

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Samsung Wants to Partner With BlackBerry, Not Acquire it

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Few days back, rumours about Samsung’s plans to acquire BlackBerry made the rounds. It was said that the South Korean company had offered close to $7.5 billion for the buyout. However, when the companies were approached for comment, both Samsung and BlackBerry denied the story. To reaffirm the same, the Co-Chief Executive of Samsung Electronics, J. K. Shin, made a statement that the company wants to work on an extended partnership but doesn’t aim to acquire BlackBerry at all.

[quote text_size=”small” author=”J.K. Shin”]

We want to work with BlackBerry and develop this partnership, not acquire the company.

[/quote]

Shin further added that they wish to extend the existing agreement, however, they are carefully keeping the details under wraps.

Late last year, Samsung closed a deal with BlackBerry which gave access to both the companies to sell mobile security technologies of the other company. Samsung also signed similar agreements with other companies such as Trix Systems Inc., Good Technology Inc., MobileIron Inc. and AirWatch.

The world’s largest maker of handsets respects its relationship with other companies and clarified that it is not eyeing the patent portfolio of BlackBerry, which carries the highest value in the technology world.

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About The Author
Meenakshi Rawat
Meenakshi Rawat
iGyaan's newbie Meenakshi handles content at iGyaan. She is an ultimate foodie, loves travelling and likes to read.
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