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    January 16, 2015

    Samsung reportedly in talks to purchase BlackBerry

    According to a new report, Samsung has approached BlackBerry for a potential takeover worth as much as $7.5 billion.

    The news from Reuters, citing unnamed sources:

    Executives from the two companies, which are working with advisers, met last week to discuss a potential transaction, the source said, asking not to be identified because the conversations are private.

    Reuters also reports that Samsung proposed a price range of $13.35 to $15.49 per share. Shares of BBRY opened the day at $9.32 and were trading below $10 before the news broke, but since then have shot up to over $13 per share on the back of this rumour.

    We’ll have more as this develops.

    Source: AndroidCentral

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