Microsoft to buy BlackBerry for $7 billion?
Today, there is speculation that Microsoft is about to make a $7 billion offer for BlackBerry. That would amount to a 26% premium for the stock, or a price of $13.23. BlackBerry's shares closed Friday at $10.48.
Recent reports indicate that the BlackBerry Passport and BlackBerry Classic aren't selling well and the company has just instituted a round of job cuts. Any buyer would be interested in BlackBerry for its reputation in secure communications and for the company's enterprise sales.
Back in 2013, BlackBerry's largest shareholder, Fairfax Financial, agreed to take the company private in a $4.7 billion deal. But the deal fell through which lead to the removal of Thorsten Heins as CEO. Heins was replaced by John Chen.