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Samsung: We Don't Want to Buy RIM BlackBerry

By - Source: Tom's Guide US | B 16 comments

Strike this one off your list, RIM.

Yesterday the word on the street was that RIM CEO Jim Balsillie really wanted Samsung to purchase his company. The story went that while the company was entertaining offers from any interested party, Balsillie was really pushing hard for Samsung to be the buyer. Boy Genius Report cited anonymous sources in its claims that Balsillie was actively meeting almost every company that might be interested in either a part or all of RIM, and"going hard after Samsung." However, it seems that is not the case. Today, Samsung cleared up rumors with a public statement: It doesn't want RIM and it never did.

Reuters cites company spokesperson James Chung who says not only is Samsung not interested in acquiring RIM, but RIM has never even approached the company. "We haven't considered acquiring the firm and are not interested in (buying RIM)," he said.

RIM didn't comment on the news yesterday, but shares enjoyed a nice boost when the BGR report started to spread. The logic is that Samsung could really use BBM and RIM's other enterprise features as a way to differentiate itself from the competition. The company stood at $16.27 per share on the NASDAQ before the news hit and hit a high of $17.92 yesterday afternoon. It dipped to $17.47 at close of business yesterday and is already showing a pre-market drop of over 5 percent, to $16.47.

For its part, BGR is now highlighting the fact that Samsung has not commented on whether or not it will license RIM's software or buy a portion of RIM, so it sounds like they still have faith that their source was right.

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  • 3 Hide
    sunflier , January 18, 2012 4:11 PM
    All Rumors...and why?...
    Quote:
    ...shares enjoyed a nice boost...


    Sounds like shareholders needing some spending cash.
  • -5 Hide
    The Greater Good , January 18, 2012 5:13 PM
    So Samsung doesn't want a RIM job? They just haven't tried it yet.
  • 0 Hide
    matt_b , January 18, 2012 5:24 PM
    Quote:
    Today, Samsung cleared up rumors with a public statement: It doesn't want RIM and it never did.

    Ouch, but the truth hurts. This company was a titan only 5 years ago, they got lazy and too relaxed in the R&D department, their OS is one that very few really support (except a few straggling businesses), their handsets feel dated, every recent launch of a new product has been a bit of a flop. Samsung is smart to not want to touch this company, any other company looking for an acquisition that is smart will probably do the same right now if they knew what a bad investment looked like. Face it, RIM is the new Palm.......
  • Display all 16 comments.
  • 0 Hide
    NuclearShadow , January 18, 2012 5:44 PM
    Any time Jane posts anything about Rim I can't help but remember this fantastic article. http://www.tomsguide.com/us/Jim-Balsillie-RIM-App-Store-Distortion-Field-Steve-Jobs,news-8386.html

    But on topic I am a but surprised people would believe these rumors. Samsung would have little benefit from purchasing them. One of the problems that exist is the fact that Samsung seems to enjoy making Android based mobile devices and why wouldn't they? The purchase of Rim would just make this confusing if they continue with the BlackBerry OS they will simply be competing with themselves, and if they don't... then why bother?
  • 1 Hide
    nebun , January 18, 2012 6:27 PM
    lol....this is good...RIM needs to go under...another company that has failed miserably
  • 2 Hide
    bhaberle , January 18, 2012 6:52 PM
    It is a shame they weren't more forward thinking. They really need to jump to the Android OS if they wanna get anywhere. Their OS is no good.
  • 0 Hide
    classzero , January 18, 2012 7:09 PM
    Quote:
    Samsung: We Don't Want to Buy RIM BlackBerry


    Lol
  • 0 Hide
    JMcEntegart , January 18, 2012 9:26 PM
    NuclearShadowAny time Jane posts anything about Rim I can't help but remember this fantastic article. http://www.tomsguide.com/us/Jim-Ba [...] -8386.html


    Clearly I peaked in 2010. :( 
  • -1 Hide
    Anonymous , January 18, 2012 10:40 PM
    poor reporting !! thats not how it happened
  • -2 Hide
    captaincharisma , January 18, 2012 11:10 PM
    nebunlol....this is good...RIM needs to go under...another company that has failed miserably


    says the apple fanboi sending flowers to jobs grave every week LOL
  • 2 Hide
    darkavenger123 , January 19, 2012 12:02 AM
    I think i already mentioned this yesterday. Samsung won't benefit from RIM...RIM has nothing to offer. See? Samsung are no fools....buy RIM for 15b??? LOL. RIM can dream on....
  • 2 Hide
    mman74 , January 19, 2012 12:45 AM
    Somebody starts a flase rumour and then somebody makes a killing on the stock-market. What else is new?
  • 1 Hide
    freggo , January 19, 2012 2:24 AM
    Samsung may just be driving the stock further down before they jump on it.
    You just never know; at the right -low- price RIM's patent portfolio may be worth it.

  • 0 Hide
    NuclearShadow , January 19, 2012 3:58 AM
    JMcEntegartClearly I peaked in 2010.


    Aww don't take it like that. Just know that your the best here and that your articles are worth being memorable.
  • 0 Hide
    virtualban , January 19, 2012 5:45 AM
    freggoSamsung may just be driving the stock further down before they jump on it.You just never know; at the right -low- price RIM's patent portfolio may be worth it.

    Exactly!
  • 0 Hide
    NuclearShadow , January 19, 2012 5:02 PM
    freggoSamsung may just be driving the stock further down before they jump on it.You just never know; at the right -low- price RIM's patent portfolio may be worth it.


    I thought about this too but letting the company actually just go under first and having a bid on the patents would likely cost less. Buying RIM outright means all the patents in one bundle, while that sounds good that means a higher price and includes patents Samsung may have no interest in.
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