Asia Bizz: South Korean based company Samsung Electronics recently said that they were not interested in buying BlackBerry maker Research In Motion. Samsung also stated that it was not interested in licensing its operating system.
The statement was given by Samsung after reports surfaced on a tech blog that RIM was on the verge of selling the company to Samsung. In the past days, the shares of RIM have been the subject of constant takeover speculation due to its stock valuation varying at multi-layer lows.
The confidence at RIM has also reduced due to the product delays and profit warnings. James Chung, the spokesperson of Samsung, said that company hasn’t even considered acquiring the firm and it is not interested in buying RIM.
Chung added that RIM did not approach Samsung for the takeover and was not interested in licensing the mobile platform of RIM. According to the Boy Genius Report website, some anonymous sources said that Jim Balsillie, the co-chief executive of RIM, was meeting with the companies interested in either licensing its software or buying a part or all or RIM.
In the recent years, Samsung has no track record of the major deals and has traditionally focused on organic growth. It has also been noticed that Samsung has become more flexible in terms of mergers and acquisitions over the past few years.