8/10/2012 12:15:28 PM
Samsung rules out takeover of RIM
Samsung has dismissed suggestions it could move to take over rival Research in Motion (RIM) or license its forthcoming BlackBerry 10 OS.
Shares in the BlackBerry manufacturer rose earlier this week after an influential analyst made the claim. RIM is exploring a number of options for its business, as it attempts to turnaround its fortunes. BB10 is expected early next year and is seen by analysts as the last throw of the dice by the manufacturer as it bids to reverse a decline in market share and share price.
'RIM has already lost its initiative in the smartphone market and what is left doesn't look really attractive to the likes of Samsung,' Lee Sei-cheol, an analyst at Meritz Securities, told Reuters. 'Should they have a deep patent pool, that might be the most appealing asset to potential acquirers.'
However, a spokesperson for Samsung said: 'Samsung Electronics has not considered the acquisition of Research in Motion or licensing BB10.'
Editor: Graeme Neill