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.
-- Nathan Olivarez-Giles
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