BlackBerry denies that Samsung is trying to buy it, following an earlier report from Reuters that said Samsung was willing to pay as much as $7.5 billion for the company.
The Reuters report sent BlackBerry shares skyrocketing almost 30% at the end of trading Wednesday.
BlackBerry shares began correcting themselves following the announcement. They were down nearly 13%.
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Here's the statement:
BlackBerry Limited (NASDAQ:BBRY)(TSX:BB) ("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. BlackBerry's policy is not to comment on rumors or speculation, and accordingly it does not intend to comment further.
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