Acquisition Rumor Sends BlackBerry Shares Soaring
Reports of a potential Samsung acquisition of BlackBerry sent the company’s stock up 15 percent overnight, despite denials by both phonemakers.By Evan Thomas | January 15, 2015
Remember BlackBerry? Wall Street does, at least when there are reports that someone’s looking to buy the company.
BlackBerry’s shares spiked after a report surfaced that Samsung was considering a $7.5 billion acquisition: they jumped 30 percent on the news, then abruptly cut half that new value when BlackBerry issued a public denial.
“BlackBerry has not engaged in discussions with Samsung with respect to any possible offer to purchase BlackBerry.”