Deals
Samsung Denies Report on BlackBerry Takeover Offer
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Samsung Electronics Co. denied a report it sought to acquire BlackBerry Ltd., after Reuters said the Korean electronics maker had recently proposed buying the Canadian company for as much as $7.5 billion.
The report is “groundless,” Samsung said in an e-mailed statement. Reuters, citing an unnamed person familiar with the matter and documents, reported Samsung approached Waterloo, Ontario-based BlackBerry with an initial offer price of $13.35 to $15.49 a share. Reuters also said executives from the two companies met last week to discuss a transaction.