Sunday, January 25, 2015

Samsung CEO Shin Rules out Buying out Blackberry



(Digital Marketing Agency, thesnsgroup.com)- Samsung co-CEO J.K. Shin has openly ruled out possibility that the South Korean electronics powerhouse could pursue smartphone maker BlackBerry for $7.5 billion.

"We want to work with BlackBerry and develop this partnership, not acquire the company," Shin told the Journal in a statement.

Meanwhile, Canada-based BlackBerry also vehemently denied speculations regarding potential sales. "BlackBerry has not engaged in discussions with Samsung with respect to any possible offer to purchase BlackBerry," read a company statement.

Back in 2014, both companies forged a partnership that would bring BlackBerry enterprise technology to Samsung Galaxy smartphones and the device maker's KNOX security platform.

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