Samsung recently approached BlackBerry with an offer to buy the struggling Canadian smartphone maker for as much as $7.5 billion, Reuters is reporting.
Citing a source “familiar with the matter” and documents that it has seen, Reuters went on to report that Samsung wants to buy BlackBerry to gain access to its patent portfolio.
The source reportedly said that Samsung initially proposed an offer that represented a premium of 38% to 60% over BlackBerry’s current trading price, implying an enterprise value of $6 billion to $7.5 billion (US) for BlackBerry.
News of Samsung’s bid for BlackBerry comes after the two companies announced a partnership involving BlackBerry’s mobile device management and security platform.
According to Reuters, a spokesperson for Samsung could not be immediately reached for comment, while BlackBerry declined to comment.