Samsung has stated it has no interest in taking over BlackBerry maker Research In Motion, after rumours of the tie-up yesterday caused RIM share prices to jump more than 10 percent.
Speaking to Reuters, Samsung spokesman James Chung said that his company has not considered buying RIM and is “not interested” in the acquisition. He added that Samsung had not been approached by the Canadian firm for a takeover.
RIM's share price began to climb yesterday, after a report on Boy Genius Report suggested that RIM was in talks to license its software to other vendors, and that Samsung was the front runner.
The blog cited a source with knowledge of the negotiations, claiming that RIM co-CEO Jim Balsillie was “going hard after Samsung,” and that the company was seeking more than $10 billion (£6.5bn) for a full sale.
This is the latest in a string of companies linked to a possible deal with RIM, whose share price has fallen by over 75 percent in the last year. Nokia, Microsoft and Amazon have all previously been mentioned as potential buyers.
Co-CEOs Jim Balsillie and Mike Lazaridis have said publicly that they are not interested in a sale, and that the company plans to launch an aggressive marketing campaign reinvigorate the BlackBerry brand this year.
However, the decision could be out of their hands if rumoured plans to oust Balsillie and Lazaridis turn out to be true. Independent director Barbara Stymiest is widely tipped to replace the pair as the company’s first ever independent chair, following a review of RIM's corporate structure at the end of January.
The move is supported by activist shareholder Jaguar Financial, which called for the company to sack its chief executives amid the devastating service outages last year. The technical faults left millions of customers around the world without their BlackBerry services for up to four days.
Meanwhile, the beleaguered Blackberry maker has delayed the launch of its QNX-based devices until the "later part" of 2012, claiming that it wants to use a more advanced chipset that will offer improved power efficiency. Shipments of RIM's PlayBook tablet are also in decline.
According to Frost & Sullivan analyst Craig Cartier, however, the buyout rumours suggest that RIM's current state may not be so precarious after all. By teaming up with a successful mobile hardware vendor, RIM might once again be able to challenge Apple and Android in the smartphone space.
“If Samsung (or any other Android partner) were to integrate RIM's enterprise services like Blackberry Messenger into their offering, they would achieve instant differentiation in the increasingly-monochrome Android space,” said Cartier. “Not to mention gaining a brand which, despite its recent misfortune, still enjoys a loyal following and has seen recent gains in developing markets globally.”