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.
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.
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.
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.
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.
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.