Research In Motion (RIM), everyone’s favorite Blackberry maker has some serious takeover talk circling around itself. RIM famously laughed when Apple first released the iPhone back in 2007 but since then, RIM has struggled to be even a mediocre player in the smartphone industry – seeing its once dominent phone business go down the drain. Yet, it looks like Samsung might come to its rescue, that is if the rumors are true.
Shares of Research In Motion Ltd. RIMM +9.03% jumped nearly 7% to $17.25 early Tuesday afternoon after a technology blog reported that the company is considering a sale to Korean electronics giant Samsung. A report on the Boy Genius Report, citing unnamed sources, called a sale to Samsung a “front-runner” among several options currently being evaluated by RIM’s management…
Why would Sammy want a dead in the water phone maker? RIM doesn’t own some large patent portfolio – it doesn’t have amazing designers or stunning smartphones in the pipeline and it seriously doesn’t have a state of the art OS running on its handsets. Chances are, Samsung would just fold them into its already dominent phone division – taking with it market share. Developing story….