Canadian smartphone maker BlackBerry’s shares jumped before falling back January 14, following a report, which the firm promptly denied, that it was in takeover talks with South Korea’s Samsung. BlackBerry’s share price gained US$2.89 in the last hour of trading, closing on the Nasdaq up almost 30 percent at US$12.60 before falling back sharply to $10.53 in after hours trading. A report out of New York had earlier said Samsung had approached BlackBerry with an offer last week. Analysts continue to be bearish on BlackBerry, setting targets of US$7 to US$10 for its stock.
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