Technology

The business and culture of our digital lives,
from the L.A. Times

Samsung: No, we're not interested in buying RIM

Research In Motion BlackBerry

Just one day after Research In Motion shares received a boost off news that Samsung Electronics might be interested in buying the struggling smartphone and tablet maker, Samsung came out on Wednesday and said the rumored deal isn't happening.

Samsung, the second-largest cellphone producer on the planet behind Nokia, said it is not considering taking over RIM and that it has "never" been interested in buying the BlackBerry maker, according to a Bloomberg report.

James Chung, a Samsung spokesman, told the news outlet that the Korean company and RIM, based in Canada, haven't had any contact regarding a purchase deal.

Chung also told Bloomberg that Samsung isn't interested in the rumored software licensing deals that RIM has been reportedly exploring as well.

On Tuesday, stock in RIM rose $1.30, or 8.04%, to $17.47 per share after the tech news site BGR ran a story, citing unnamed sources, stating that Samsung was the "front runner" to purchase RIM.

Of course, Samsung hasn't been the only company that has been rumored to be interested in buying RIM. Among the other potential suitors with speculated interest in RIM are Nokia, Microsoft and Amazon. RIM shares jumped 10% in December on news of possible takeover interest from Microsoft and Amazon.

This also isn't the first time that Samsung has come out and denied rumors of its interest in a smartphone property. Last September, Samsung declared its lack of interest in buying the WebOS operating system from Hewlett-Packard.

After months of trying to figure out what to do with WebOS, HP eventually decided to retain ownership, open-source the software and then move forward on developing new tablets (but no new smartphones) running the operating system.

RELATED:

HP is going open-source with WebOS

Samsung reportedly 'front runner' in RIM purchase

RIM shares jump 10% as Microsoft, Amazon buyout talk swirls

-- Nathan Olivarez-Giles

Nathan Olivarez-Giles on Google+

Twitter.com/nateog

Photo: BlackBerry Messenger on a BlackBerry smartphone from Research In Motion. Samsung announced Wednesday that will not purchase BlackBerry maker RIM. Credit: Oliver Lang / Associated Press

 
Comments  ()

Connect

Recommended on Facebook


Advertisement

In Case You Missed It...

Videos

How to Reach Us

To pass on technology-related story tips, ideas and press releases, contact our reporters listed below.

To reach us by phone, call (213) 237-7163

Email: business@latimes.com

Andrea Chang
Armand Emamdjomeh
Jessica Guynn
Jon Healey
W.J. Hennigan
Tiffany Hsu
Deborah Netburn
Nathan Olivarez-Giles
Alex Pham
David Sarno


Categories


Archives