Well folks, a lot can happen in a day. When you woke up this morning Samsung was Samsung and BlackBerry was BlackBerry. Since then, however, a report from Reuters was published that suggested in the future the two companies might be one and the same. To be precise, that BlackBerry might be owned by Samsung. This was because the Reuters report stated that Samsung had offered to buy BlackBerry at a price of $7.5 Billion. Almost immediately, the media went frantic and as soon as reports starting rolling off of the digital presses, BlackBerry saw it’s shares rocket. Which in the grand scale of things, is quite the change from their usual position. It is no secret that BlackBerry have not been doing well and it is also no secret that Samsung have had security at the forefront of their mind recently. This can be best seen in the form of their KNOX suite that they are continuously working on.
Well, following on from this morning’s report, it now seems that BlackBerry have been quick to jump into the conversation and adamantly deny that they have ever been in talks with Samsung. According to their (short) press release, BlackBerry state “(“BlackBerry”) is aware of certain press reports published today with respect to a possible offer by Samsung to purchase BlackBerry. BlackBerry has not engaged in discussions with Samsung with respect to any possible offer to purchase BlackBerry”. Interestingly, the press release ends with “BlackBerry’s policy is not to comment on rumors or speculation, and accordingly it does not intend to comment further”.
When a company states that they do not comment on rumors and speculation and then does so anyway, is normally a sign of how potent the rumors and speculation are. So what do we take from this? Well, there can only be two clear realities. Firstly, Reuters were mistaken in their article and there is no basis to the rumor that Samsung did/will/is offering to buy BlackBerry. Or secondly, Blackberry is trying to dull down the situation to avoid a panic. The first option (Reuters got it wrong), is possible as their source is ‘someone familiar with the matter’, and these often can be inaccurate or false witnesses. That said, the Reuters article did start with a very telling omission “documents seen by Reuters”. If these documents have been seen by Reuters, then it seems difficult for them to be too far off of the truth. Interestingly, Samsung has yet to respond and as such there is no doubt more on this topic will be heard over the next few hours and days. Who do you believe? Let us know.