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Samsung denies takeover talks with BlackBerry

January 14, 2015

By Kim Seung-yeon

SEOUL (Yonhap) — Samsung Electronics Co., South Korea’s top electronics firm, Thursday denied an earlier media report that it is in takeover talks with Canadian smartphone maker BlackBerry Ltd., a deal valued at as much as US$7.5 billion.

“It is not true,” a spokeswoman at Samsung Electronics said, adding that the company “does not respond to rumors.”

BlackBerry, in a press release on its website, also denied the report on the potential deal, saying it “has not engaged in discussions with Samsung with respect to any possible offer,” declining to comment further.