BlackBerry stocks soared yesterday as rumours of a potential US$7 billion buyout by Samsung began circulating. Of course, the price of those same stocks came tumbling back down when it company said that it had no idea what everyone was talking about.
The rumour was first reported by Reuters, where the news agency claimed to have heard from an inside source and had also seen documents related to the matter. It had also claimed that executives had met with advisers to discuss the deal. The news caused BlackBerry stocks to rise by 30-percent.
BlackBerry issued a very short press statement saying that it was not engaged in any talks for the sale of the company to Samsung. It has also refused to comment on the rumour and has said that it will say nothing more about the issue. The denial had caused its stocks to drop by 16-percent in after hours trading.
This isn’t the first time that a company has tried to buy BlackBerry, although all other attempts have failed. BlackBerry itself had just launched the throwback styled Classic smartphone that brings back a more traditionally styled QWERTY keyboard for those who were asking for it.