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Blackberry Businesses

Samsung In Talks To Acquire Troubled BlackBerry For $7.5 Billion 59

MojoKid writes Shares of BlackBerry (BBRY) were up nearly thirty percent as the closing bell sounded this afternoon. What could possibly be behind this sudden spike in interest in shares of a smartphone company whose glory days faded years ago? Well, it turns out that BlackBerry may be ripe for the picking and Samsung is ready to make an offer that John Chen and BlackBerry's board may be reluctant to refuse. According to a report, Samsung is willing to pay roughly $7.5 billion for BlackBerry's assets (including its patent portfolio). Samsung's sudden interest to make a deal comes just two months after the two companies entered a strategic partnership to bring BlackBerry's BES12 cross-platform EMM solution to Galaxy smartphones and tablets that feature embedded KNOX technology. At the time, the two companies indicated that they were looking forward to future ventures together.
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Samsung In Talks To Acquire Troubled BlackBerry For $7.5 Billion

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    • by HBI ( 604924 ) on Wednesday January 14, 2015 @07:21PM (#48815137) Journal

      The BlackBerry resistance to being bought out deserves a good Downfall video parody. Seriously. They're about as close to death as Hitler was in the Chancellery bunker.

      • by MouseR ( 3264 )

        Wich is precisely why someone will end up buying it. Or would want to.

        The patent portfolio is non-negligible, the BIM server still profitable and the QNX side or the business (head units in cars) still generate lots of revenus.

        I think it's stupid no one actually tried to snatch them up.

        • Re: (Score:2, Interesting)

          by Anonymous Coward

          It's far more likely that a US company will buy Blackberry in the same context of Burger King buying Tim Hortons. Tax dodge + distribution chain.

          Like, the only player out there that would actually benefit from acquiring Blackberry would be Microsoft. But only of QNX was divested first. If Microsoft bought Blackberry while it owns QNX, we lose one more viable mobile OS. Microsoft has no interest in running anything but Windows on everything.

          Samsung buying Blackberry would accomplish nothing except maybe give

      • You may well just be a troll (your sig indicates such) but you're without a clue. BlackBerry is "close to death" with $3 billion in cash in the bank and positive cash flow in the last quarter? Yeah, revenue is taking a hit as Chen said it would but the guy is calmly executing on his plan.

        Have you even tried a new BB10 phone? If you're more interested in productivity than Angry Birds it is the best phone out there bar none.
        • by HBI ( 604924 )

          And you, dear sir, are purely astroturf. Doesn't play well here. The BB is dead as a doornail. Even in its last stronghold, the USG, it's being discarded at the speed of government. Slow, but sure.

    • Before Blackberry throws the offer out the door, they should ponder Yahoo's tossing of Microsoft's offer back in Redmond's face a few years ago, and how it has done nothing to stem the decline?

  • I have the Z10 and my biggest beef with the OS is that's not even smooth. Use iOS or WP and you'll see pixel perfect smooth momentum scrolling in the browsers. BB10 can't manage this, despite supposedly being a modern OS. So annoying to deal with the kind of lag you normally experience on an underpowered Android smartphone. Meanwhile my backup Lumia 520 doesn't have any lag issues.

    In fact it wasn't until BB OS 10.2.1 (it's at 10.3 now) that you could scroll the settings menu smoothly. Until then they r

  • by Black Mage Balthazar ( 708812 ) on Wednesday January 14, 2015 @07:27PM (#48815181)
  • blackberry buyout or bankruptcy
  • I doubt Canada will bless the deal. The canadaian government is well known in protecting indigenous companies, Blackberry being one of them. That's why, it meddled in NorTel's affairs till the company went bankrupt.

    I wish Samsung all the best.

    • I doubt Canada will bless the deal. The canadaian government is well known in protecting indigenous companies, Blackberry being one of them. That's why, it meddled in NorTel's affairs till the company went bankrupt.

      I wish Samsung all the best.

      Nortel went bankrupt because they were stupid - hiring thousands of people without even knowing where they were going to put them, never mind what job they would be doing. They figured the bubble would never end ... same as the housing bubble.

      • Nortel also went bankrupt because China based hackers had the free run of all of their computers for a decade. That's a lot of R&D to give away.

    • Re: (Score:2, Interesting)

      by Anonymous Coward

      Given that the number of remaining (since the Free Trade Agreement with the USA) indigenous Canadian companies that are:

      1) much more than mom & pop operations
      2) haven't been bought out by a foreign company, and
      3) don't simple rape and pillage raw resources for export

      can, I think, be counted on the fingers of one hand (with fingers to spare) I'd say the Canadian Government has done a rather poor job protecting them. Let's see ... we have Bombardier, and ... hmm ... I'd have to think for a while ...

      • Why was this modded troll. It's 100% true, and anybody who thinks it isn't either doesn't live here in Canada, or really has no clue.
  • maybe Samsung will get blueprints to a decent keyboard. I can't believe how all the handset makers dropped the built in keyboards. I've tired some of the 3rd party keyboards and they are crap. the two I tired didn't even have the f and j keys marked. I marked them my self with some epoxy. just as I got used to them, they batteries died and they wouldn't recharge. I'm not particularly happy with blue tooth either, too slow. an addon keyboard that plugs physically into the phone would make me very happy
    • Most people don't care about keyboards these days because then you wind up either with a tiny screen (compared to today's typical slate phones with 4.5"-6" screens), or a much larger (thicker) phone with a clunky slide-out keyboard module that eventually breaks. Most people are happy with on-screen keyboards, and they're much cheaper and easier to manufacture, so that's where everything went. No one wants to pay a huge premium for a special-model phone just for a keyboard.

      An add-on keyboard isn't a bad id

      • by kenj123 ( 658721 )
        look at the comment sections for the 3rd party keyboards for iphones. there are a lot of ex blackberry owners frantically looking for a decent keyboard for an iphone. doesn't help that the form factor of the iphone keeps changing and the keyboard selection changes for each one. I ride the ny subway quite a bit and I see younger kids on sidekicks doing 80 words a minute. I'm jealous, my problem is I can't find a carrier that has a plan cheap enough for me.
        • I'm jealous, my problem is I can't find a carrier that has a plan cheap enough for me.

          This is the USA: ALL plans are horrifically expensive. That's what we get for having a cartel and not having any decent government regulation.

          • by kenj123 ( 658721 )
            I'm using virgin mobile that uses sprint (I think). I'm in a major metro area so I get pretty good reception. for 30$ per month I have a unlimited data and 300 minutes talk. I had to pay $200 for my iphone 4. hope to get 2years or more from it.
  • by LordLucless ( 582312 ) on Wednesday January 14, 2015 @07:40PM (#48815279)

    a strategic partnership to bring BlackBerry's BES12 cross-platform EMM solution to Galaxy smartphones and tablets that feature embedded KNOX technology.

    Does this convey any actual meaning to anyone?

    • Just ask Google to translate it [slashdot.org].
    • by zlives ( 2009072 )

      KNOX is samsung enterprise security protocols that would enable BES12 MDM to manage the device and provide secure enterprise access to apps via perapp vpn like connectivity. basically BB balance for samsung.

    • by slaker ( 53818 )

      They wanna roll Blackberry's well-regarded but proprietary secure messaging system into Samsung's home-grown mobile security application. Duh.

      • by guruevi ( 827432 )

        Well-regarded? By whom? They're the Oprah of private key management, even India got them. Sure some enterprises used them (because they put the word enterprise in their product name and made it look very exclusive) but besides some large idiots most smart people ignored them.

    • Reminds me of the backronym someone came up with for the old PCMCIA slots on laptops. People Can't Memorize Computer Industry Acronyms.
    • by uolamer ( 957159 )

      Pretty sure KNOX is what is stopping me from replacing the bootloader on my Galaxy S4 (Verizon) like I normally would with a custom ROM. I have to use SafeStrap and not modify their bootloader. I still have my custom rom, it was just more annoying..

  • by rmdingler ( 1955220 ) on Wednesday January 14, 2015 @08:22PM (#48815539) Journal
    They have some market share in their diversification into the IOT, and 44,000 patents is what they reportedly hold...

    So, $7.5 billion is a bargain if Samsung is willing to become entrenched in a long series of patent litigation cases.

    Intended.

  • With all those patents and that price tag, why doesn't Google buy them and merge that stuff into Android?
  • I've been watching Blackberry for over a year and these buyout rumors always, always, always get started when Blackberry's stock is at its worst and falling rapidly. This is one of the most consistently-wildly-volatile stocks I've ever watched. The short interest on this is ridiculous while at the same time you have zealous firm believers who are awaiting the messiah's return. Then you have a CEO with a good record of turnarounds but who is so adamant about no buyouts. Then you have their GAAP vs. non-G
  • by Anonymous Coward

    total cash - total debt = billions

    Supposed to start turning a profit. Probably turning FCF positive.

    Your headline is misleading.

  • One thing they did right was BES. The amount of control I had over my user's phones was immense and I always got an email on my BB before my desktop. (Not minutes, but definitely two or three seconds). I still have users begging me to give them Blackberry's with keyboards. But after giving the Director of the company one I canned them all outright. The version 10 OS was just so awful compared to the simplicity of the old one.

VMS is like a nightmare about RXS-11M.

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