BlackBerry's shares surge amid Samsung buyout reports

PanARMENIAN.Net - BlackBerry's shares surged by as much as 30% following reports that Samsung was in talks to acquire the company, Digital Spy reveals.

Investors scrambled to purchase stock in the Canadian firm, before both tech firms issued statements denying that a buyout is on the cards.

BlackBerry's share price climbed to its highest value in around a decade, before retreating in later trading when the rumour was debunked, BBC News reports.

Although the BBM platform holder has shown signs of recovery since John Chen took the helm, rumours of a buyout continue to abound.

Lenovo's efforts to take over BlackBerry are believed to have been thwarted by the Canadian government due to security concerns, but reports have linked the Chinese firm with a fresh bid.

BlackBerry is yet to announce new devices for 2015, but the firm is rumoured to be working on its next flagship smartphone under the codename of 'Rio'.