Technology giant Samsung is still in talks to acquire BlackBerry.
The first report of a deal between BlackBerry and Samsung came on January 14, 2015. A Reuters article claimed that Samsung was looking to purchase BlackBerry for as much as $7.5 billion, mainly for its patent portfolio. A source close to the rumoured talks told Reuters that meetings had taken place.
The stock market loved the news that BlackBerry could be acquired by Samsung. The company's share price shot up 29% on the news. But it wasn't for long. BlackBerry quickly issued a denial, claiming that it had not talked with Samung about an acquisition. That news didn't go down quite as well, and BlackBerry's stock price was down 15% on after-hours trading.
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