Expand / Collapse search
Watch TV
Menu

This material may not be published, broadcast, rewritten, or redistributed. ©2024 FOX News Network, LLC. All rights reserved. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions. Legal Statement. Mutual Fund and ETF data provided by Refinitiv Lipper.

ECONOMY

BlackBerry shares soar on report of possible takeover by Samsung

Associated Press
Published | Updated

BlackBerry Ltd. shares soared nearly 30 percent on a report that says Samsung is considering a possible takeover of the company.

The Reuters report, citing unnamed sources, said that executives met last week to discuss a potential deal. South Korea-based Samsung reportedly offered to buy BlackBerry for as much as $7.5 billion.

Samsung declined to comment. Messages left with BlackBerry were not immediately returned.

Shares of BlackBerry jumped $2.89 Wednesday to close at $12.60 and continued to gain in after-hours trading.