Samsung offers to buy BlackBerry

Samsung Electronics recently offered to buy BlackBerry Ltd  for as much as Sh682bn (Sh $7.5) billion, Reuters news agency reported.

The move is seen as a one of the weapons which the South Korean giant is employing in a battle against apple.

The representatives from the two corporates are reported to have met last week when Samsung proposed to pay between $13.35 to $15.49 a share of Blackberry which is a premium of between 38 per cent and 60 per cent according to reuters.