BlackBerry (BBRY) shares soared nearly 30 percent on a report that says Samsung is considering a possible takeover of the company.
The Reuters report, citing unnamed sources, said that executives met last week to discuss a potential deal. South Korea-based Samsung reportedly offered to buy BlackBerry for as much as $7.5 billion.
Samsung declined to comment. Messages left with BlackBerry were not immediately returned.
Shares of BlackBerry jumped $2.89 Wednesday to close at $12.60 and continued to gain in after-hours trading.
In a statement, Blackberry denied it has held talks with Samsung over a possible deal, while declining further comment.