Samsung says not interested in buying RIM

SEOUL Tue Jan 17, 2012 6:29pm EST

A BlackBerry handset is displayed in Washington, December 15, 2011. REUTERS/Jonathan Ernst

A BlackBerry handset is displayed in Washington, December 15, 2011.

Credit: Reuters/Jonathan Ernst

SEOUL (Reuters) - Samsung Electronics Co said on Wednesday it was not interested in taking over Research In Motion after shares of the BlackBerry smartphone maker jumped more than 10 percent following a tech blog report that it was seeking to sell itself to the South Korean firm.

"We haven't considered acquiring the firm and are not interested in (buying RIM)," Samsung spokesman James Chung said.

Chung also said Samsung had not been approached by the Canadian firm for a takeover.

The Boy Genius Report website cited an unidentified source as saying that RIM co-chief executive Jim Balsillie was meeting with companies interested in either licensing its software or buying a part or all or RIM, with Samsung leading the pack.

(Reporting by Miyoung Kim; Editing by Jonathan Hopfner)

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Comments (4)
FreedomRadio wrote:
RIM has patents that have some value, but otherwise the company is useless.

Jan 17, 2012 5:22pm EST  --  Report as abuse
MeritMan wrote:
RIM’s value is in it’s hardware not it’s crappy operating software. Anyone who has owned more than one Blackberry knows that these devices are sturdy, state of the art and highly functional. It’s the crap operating system that makes them unyielding.

Jan 17, 2012 6:38pm EST  --  Report as abuse
HabsSuck wrote:
RIM has patents, large customer base, encryption technology, data compression and much more, the only thing useless is your comment.

Jan 17, 2012 7:16pm EST  --  Report as abuse
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