Rumour Mill: Microsoft To Buy BlackBerry For $7 Billion?

Posted By:

Microsoft is reportedly going to bid for BlackBerry, the former leader in the smartphone market. While the folks over at BlackBerry have repetitively denied such rumours, it looks like firm has already given up, citing the failure of its flagship Passport handset.

Click Here For The Latest Smartphone Gallery

Rumour Mill: Microsoft To Buy BlackBerry For $7 Billion?

Apparently Microsoft is speculated to acquire BlackBerry for a reasonable $7 billion. That would amount to a 26% premium for the stock, or a price of $13.23.

Recommended: Motorola Rolls Out Android 5.0.2 Lollipop OTA Update For Moto G: How To Install

Back in January, it was the South Korean giant Samsung that was said to have shown interest in acquiring the struggling handset manufacturer at a whopping $7 billion. Unfortunately Samsung failed to acquire the Canadian tech giant.

Rumour Mill: Microsoft To Buy BlackBerry For $7 Billion?

According to a report from DigiTimes, a number of major tech companies have reportedly shown interest in BlackBerry as a takeover target. Microsoft and a number of Chinese companies such as Xiaomi, Lenovo and Huawei are curious to takeover BlackBerry.

Recommended: Top 10 Most stylish Mobiles you can buy in India Between Rs 1000 To Rs 2,500

But it would not easy for the Chinese handset makers to acquire BlackBerry, citing these tech giants are under scrutiny from both US and European regulatory agencies.

Rumour Mill: Microsoft To Buy BlackBerry For $7 Billion?

BlackBerry To Cut Jobs Worldwide

BlackBerry is laying off an unspecified number of its force as the struggling smartphone manufacturer tries to make its device business profitable. The company said the cuts will impact those working on the software, hardware and applications side of the business.

Please Wait while comments are loading...
Recommended Stories
Opinion Poll

Stay updated with latest technology news & gadget reviews - Gizbot