Samsung looks to BlackBerry for technology, says report
Samsung is looking to use BlackBerry technology in its devices, Bloomberg reports.
The report from the New York-based business and financial news service comes nearly a week after Reuters reported the South Korean company was looking to buy Waterloo, Ont.-based BlackBerry for $7.5 billion US.
"We want to work with BlackBerry and develop this partnership, not acquire the company," Bloomberg quotes Samsung co-CEO Shin Jong Kyun as saying in an email. "BlackBerry is one of our important business-to-business strategic partners."
Samsung and BlackBerry have already announced a partnership to produce security-based products.
Both companies denied the buyout reports last week, but it wasn't enough to keep analysts from looking at all the angles of a potential marriage between the two companies.
Many said a buyout would make sense, since Samsung had recently been losing ground in the consumer market and BlackBerry still possesses valuable assets, such as large cash reserves and an array of intellectual property and patents.
The Bloomberg report of a partnership between Samsung and BlackBerry follows an announcement last summer of an alliance between Apple and IBM, who said they would pair up to better tackle the enterprise market.