Deals
Time for Samsung to Spend Some of Its $63 Billion
Samsung Co-Chief Executive Officer Shin Jong-Kyun said, “We want to work with BlackBerry and develop this partnership, not acquire the company.”
Photographer: Angel Navarrete/BloombergThis article is for subscribers only.
Whether or not Samsung Electronics Co. has BlackBerry Ltd. in its sights, it should spend some of its $63 billion of cash on takeovers.
Samsung, which has an alliance with BlackBerry, this month denied reports it proposed buying the Canadian smartphone maker for as much as $7.5 billion. Even so, a takeover would give Samsung the software to help its products communicate, according to Current Analysis Inc.