BlackBerry stock soars amid Samsung takeover chatter

For once, it’s a good day to be BlackBerry. Amid rumors that Samsung could buy the enterprise-leaning smartphone maker, the artist formerly known as RIM has seen its stock price shoot straight up. The report, published by Reuters, suggests that Samsung could make a move to buy BlackBerry—and its considerable portfolio of mobile patents—for $7.5 billion. Shares are up a whopping 30 percent in light of the news, hitting more than $13 after hours—BlackBerry’s highest peak in more than six months. 

The Daily Dot

Of course, over the longer period, the spike isn’t quite as dramatic, though it’s still substantial.

The Daily Dot

While the consumer-facing, reimagined BlackBerry Classic did drum up some positive buzz against all odds, patents are really the name of the game here. BlackBerry’s got ’em, Samsung wants ’em… and we’ll just have to wait and see how that might play out.

Photo via stephangeyer/Flickr (CC BY 2.0)

Taylor Hatmaker

Taylor Hatmaker

Taylor Hatmaker has reported on the tech industry for nearly a decade, covering privacy and government. Most recently, she was the Debug editor of the Daily Dot. Prior to that, she was a staff writer and deputy editor at ReadWrite, a tech and business reporter for Yahoo News, and the senior editor of Tecca. Her editorial interests include censorship, digital activism, LGBTQ issues, and futurist consumer tech.