Samsung Reportedly Offers to Buy BlackBerry for $7.5 Billion

Samsung Reportedly Offers to Buy BlackBerry

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

Recommended Posts | IT News

Wearable Tech Made Beautiful

Wearable Tech Made Beautiful: Technology and Fashion Join Forces

Technology and fashion were seen as two unrelated industries until the emergence of wearable gadgets, which come in various forms and are developed for different purposes. The most popular wearables are smartwatches, glasses and activity-trackers that are rapidly overtaking the consumer market ...
Could Smartphone Cameras Lead Quantum Security?

Could Smartphone Cameras Lead Quantum Security?

Smartphone cameras could lead the next generation of security applications. The Physics arXiv Blog discusses work completed by researchers at the Geneva who, using a Nokia N9, were able to create random numbers at a rate fast enough to secure instances such as credit card transactions and emails ...
"Kill Switch" to Smartphones

Google and Microsoft to Add "Kill Switch" to Their Smartphones

Google and Microsoft said Friday they plan to add theft-deterring feature in their mobile systems, as a part of their agreement with authorities. Google, which produces Android confirms that it will incorporate a “factory reset protection” solution on its next version of the Android operating system ...

The Business Implications of WebRTC

Web Real-Time Communication (WebRTC) is an application launched by Google, designed for browser-based real-time communication. It supports browser-to-browser apps for video chat, voice calling, and P2P file sharing with no plug-ins. It is now well on the way to becoming standard ...