Samsung Reportedly Offers to Buy BlackBerry for $7.5 Billion
Its the buzz of the tech world - Samsung recently made an attempt to buy BlackBerry. Word of the alleged takeover bid was first publicized by Reuters, which reported this week that Samsung is interested in buying the Canadian-based company for $7.5 billion.
According to Reuters, Samsung executives met with counterparts at BlackBerry last week to discuss the takeover offer, though an official statement on the outcome of the talk has yet to be released. Both BlackBerry and Samsung have denied the alleged takeover bid and BlackBerry went so far as to publish a statement saying it is not engaged in any talks with Samsung. Still, the report sparked discussion and buzz in the enterprise world about what a possible takeover of BlackBerry by Korean giant Samsung would mean to both companies, and in the enterprise market.
Although BlackBerry might seem like a lame duck these days in a market dominated by fierce rivals like Android and Google, there's a lot of sense behind Samsung's multi-billion bid for BlackBerry. And its not just about smartphones, Samsung doesn't need BlackBerry to sell more smartphones. Samsung may see bigger long-term benefits from taking over BlackBerry. The company potentially wants to buy BlackBerry because of its wealth of patents, the QNX platform, and its huge install base among other enterprises. BlackBerry's patents, particularly those involving security/cryptography and QNX platform, are very valuable assets and will become increasingly important in the coming IoT (Internet of Things) revolution. BlackBerry's QNX could become the basis for Samsung's foray into Internet of Things. In addition, gaining BlackBerry Enterprise Server would also give Samsung a strong presence in the enterprise space and give Samsung an opportunity to chip away at Apple's enterprise market share.
Image Credit: LFP