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Samsung Says Flat Out They Are Not Buying RIM



Reports on the internet were running wild on Tuesday morning suggesting that RIM was trying to sell itself to Samsung. The reports suggested that RIM was looking for a premium of 50 to 90% over their current market cap of $8.5 billion.

RIM made a big showing at CES 2012 showing off their next iteration of the RIM Blackberry Playbook however things are still glum for the Canadian based innovator of Smartphones in the 90’s and early part of the 2000s.

It’s no secret that RIM is looking for some kind of deal with someone to pull them back up, however according to a Samsung statement out of their Korean headquarters late in the day, the buyer isn’t them.

Samsung’s James Chung released this statement:
“We haven’t considered acquiring the firm and are not interested in (buying RIM).”  Additionally, Chung said that RIM had not contacted the company about a deal.

According to this report from phonearena, BGR started the RIM/Samsung rumors by suggesting that RIM’s co-CEO Jim Bastille had been negotiating with several OEM’s about licensing and or a buyout.

source: Phonearena

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