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BlackBerry stock soars amid Samsung takeover chatter

This is what happened to BlackBerry stock when rumors that Samsung is buying surfaced.

 

Taylor Hatmaker

Tech

Published Jan 14, 2015   Updated May 29, 2021, 6:33 pm CDT

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. 

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

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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.

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Photo via stephangeyer/Flickr (CC BY 2.0)

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*First Published: Jan 14, 2015, 7:43 pm CST