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Friday, Oct 115:14 AMFingerprint Cards denies it's being bought by Samsung
Friday, Oct 115:14 AM| Comment!
- The CEO of Fingerprint Cards, a Swedish provider of fingerprint verification technology, has denied reports that it has agreed to be acquired by Samsung (SSNLF.PK, SSNGY.OB) for $650M.
- Earlier today, information distributor Cision published a press release announcing the deal, but Fingerprint's Johan Carlstrom said the release was false. He also said the company has held no talks with the Korean giant.
Wednesday, Oct 96:50 PMBloomberg: BlackBerry more open to breakup, suitors only want pieces
Wednesday, Oct 96:50 PM| 30 Comments
- Bloomberg reports BlackBerry (BBRY) is "more open to a breakup" as doubts continue to swirl Fairfax Financial will be able to obtain the funding needed for its $9/share bid to succeed.
- The news service adds SAP, Cisco (CSCO), and Samsung (SSNLF.PK, SSNGY.OB) were "approached last week by BlackBerry advisers," and indicated they’re "only interested in parts of the company." That provides a bit of color to Saturday's Reuters report.
- Intel (INTC) is said to be open to bidding for BlackBerry's patents, but nothing else.
- BBRY -1.4% AH
- Earlier: Canadian pension fund still weighing BlackBerry investment
Tuesday, Oct 83:49 AMSamsung eyes acquisitions to boost software capabilities
Tuesday, Oct 83:49 AM| Comment!
- Samsung (SSNLF.PK) has put together a list of start-ups and other small companies it might be interested in buying, and it's bolstering its presence in Silicon Valley, as it looks to boost its software capabilities.
- The South Korean company has allocated $1.1B for early stage and venture capital investments in the U.S. as well.
- The companies Samsung has been interested in include gaming pioneer Atari, while it also reportedly bid for Waze before Google bought the mobile-mapping company.
- However, Samsung's disastrous $840M purchase of computer maker AST Research in the mid-1990s hangs like a shadow over the firm's approach.