Samsung not to buy Blackberry maker RIM, denies BGR report

By on Jan 18, 2012 in Business, World Comments

Samsung is not going to buy Blackberry maker, RIM (Research In Motion), with the company noting that there has been no business transaction between the two of them.


Image Credit: Samsung/RIM (Research In Motion)

According to Bloomberg on Tuesday, January 17, 2012, Samsung spokesman James Chung told them that the company will not buy RIM and has never consider buying the Canadian mobile-phone maker.

As noted in the report, Mr. Chung talked to them via telephone and stressed out that Samsung is not interested in using RIM‘s software through a licensing deal, which is contrary to an earlier report.

The announcement of Samsung surfaced after a report from BRG (Boy Genius Report) on the same day that RIM will most likely going to sell one or more divisions, or even the entire company to Samsung.

BRG reported that a trusted source knowledgeable with the situation said Samsung has a number of reasons to buy RIM, and among them include the BlackBerry Messenger, one of the biggest assets of Samsung.

“We have heard that Jim Balsillie (RIM‘s co-chief executive) is actively meeting with almost every company that might be interested in either a part or all of RIM, in addition to having talks about licensing.” A statement reads at BGR.com.

“We have heard the company is looking for more than $10 billion for a full sale, likely somewhere in the $12 billion to $15 billion range, or between approximately $22.90 and $28.60 per share.” BRG added, with RIM not releasing any official statement on this issue as of this writing.



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