Directly following up on the rumors of a Samsung acquisition of Research In Motion, Samsung has now come forward to lay down some official word on the matter. In speaking to Reuters, Samsung spokesman James Chung noted:
"We haven't considered acquiring the firm and are not interested in (buying RIM),"
To address the news further, James Chung also noted that Research In Motion had not approached Samsung on the matter. Research In Motion stock saw a rise of over 10% with the news but with Samsung now confirming it to be nothing more than a rumor -- we'll see where the stock ends up.
Source: Reuters
Reader comments
Samsung says they're not interested in buying RIM, nor has RIM approached Samsung to discuss the matter
All this media frenzy is stressing me out! Please please BlackBerry don't sell! I do not want to be forced to use an IPhone or Android phone!
Ok, it's not about an acquistition but you are in talks. What is it about? Making the BB10 devices together?
Did anyone really believe that a company was interested in buying a toxic asset such as RIM?
+100,000
Ok so which one of you is the 'insider'? hmm? :)
I think BGR is getting played and made to look stupid.
Sounds like someone was trying to pump and dump RIMM stock. Must have worked... RIM was up almost 9% yesterday on the rumour...
Thank God! but i dont understand why any one takes bgr seriously
im glad that they arent buying this piece of crap.
RIMM is trying to do two things.
1.) Root out an employee(s) that can't keep their mouth shut;
2.) Play with the market and get the stock moving in the right direction
Anybody that has watched RIMM long enough knows that the company is not up for sale.
p.s. I hope you have a Stop order on your stock to lock in today's profits.
I can not belive we all belive it when it clearly said Jim is pushing for samsung..which Jim ? Jim is the one reported by all media and blogs that he is the obstacle for any sort of merger/sellout so that statement shold have raised flag immediatly. Jim is labelled as current Yahoo CEO for RIM. But we all like some excitements, rumors and fall for this kind of stuff..I am sure friend of BGR made some cash here..The BGR should be reported..
I never believe a single bit of the news this morning of Samsung buying out RIM as soon as I saw the source was by BGR insider source. I had a strong feeling this was all a hoax.
Now BGR should accept two consequences:
Either get sued by the traders for mislead rumours and speculation and fauxifying information.
Or there should be a federal investigation on BGR to the source of the information that BGR claim to be.
Someone should be jailed for this.
Glad this is not true. I know it's not true comming from BGR but there's still a chance it was true. Thank god for that, dunno what to bo if Blackberry goes Android
yes glad RIM is still Canadian! would have had gone to apple if this happened! LOVE BB!
Thank god! I love BB, i would have had to go to the dark side Apple :)
BGR, aka TMZ of tech, is worse than TMZ:
-it is the first to cover financial news even though it is a tech blog
-it reports motivated rumors
-blog owner drives a Jag/Aston-Martin
If posting a fabricated rumor leads to 10% ROI on stock, hell yeah, that's genius way to pay for that Jag/Aston-Martin. Just don’t shit your pants when SEC pays you a visit.
Who in their right mind would pay that much for RIM? More importantly, WHY? Just let RIM continue to make promises about how they are going to deliver new handsets and then delay them some more.
BGR is getting annoying
getting ?
I'm happy that Samsung is not buying out RIM.. I think I might just stick with the Playbook until the release of OS 2.0 and then if I'm not happy with the device I'll sell it..
No one wants it...reminds me of the playbook
Still being an Idiot I see. Go clean your room.
1. Way to go BGR, not that anyone other than some investors believed it.
2. Who said rumors don't move the market...in either direction.
RBgr story maker?
BGR? What a joke. Written off long ago...Bu11sh1t Goes Rampant!
lol more bs from BGR. Its no wonder rim has such a bad rep everyone believes what BGR has to say. The media are all idiots even chch news reported this story on there 6oclock news.
This can be construed as market manipulation. Somebody (e.g., SEC) should look into it - hopefully that'll teach BGR to publish bs news.
Great news.
not interested in buying but they didnt say not interested in licensing bb10
Well, there goes RIM stock prices again
Someone has made a lot of money feeding stories to bloggers.
BGR should be investigated for possible stock manipulation. They have a repeated track record for making up stories about RIM.
ditto
Folks this has NOTHING to do with BGR. It was all over Toronto news. Every elevator screen in downtown Toronto office building even had a posting about Samsung and RIM. Don't give BGR that much credit folks. Geez....
Those stories appeared "after" BGR broke the news. Globe and Mail references BGR blogpost, for example. So it does have to do with them as they are the source of the rumor.
Agreed. Toronto Star referenced BGR and CP24 referenced 'a tech blog'. BGR is not journalism and I'm actually embarrassed for the big newspapers because they didn't check their sources or asked RIM directly for a comment.
Ok so let's look at something here. BGR says BB10 is an complete failure and that RIM can't get email to work on the new software, all from a "trusted source", and after CES they were impressed with OS 2(which is BB10, technically)how well the email and other new features are. Now this same "trusted source" said that RIM was doing the shopping for a new buyer and that gets sacked. I'm sure if we look back over the last year we would see more of this same thing from this site (BGR that is). So if this keeps happening why does everyone continue to listen or even go to BGR.
If BGR was a person we would all call this person a pathalogically liar and doubt everything they say. But for some reason when BGR throws up the word "exclusive" every one and there moms starts to think its true. I'm not saying they have not been right a few time but the sun does shine on a dogs ass every once and a while.
Thank God! Glad were keeping RIM Canadian.
i'm using 9900 & S2..
felt a little bit excited about this actually.. :-)
could've been benefits to both Sammy & RIM
Kevin, I love CrackBerry, but today was a little ridiculous.
Hey, johnmarki,
http://www.youtube.com/watch?v=-35JUeDQBh8&t=45
or
http://www.youtube.com/watch?v=ucihhWjcNqk
LOL!!!! Love that guy :)
Who owns BGR? Apple?
Yes.
BGR are so bias and so bias-against RIM.
Their news is essentially LIES on RIM, which isn't news, since it's LIES!
BGR: The three biggest letters in T̶e̶c̶h̶ LIES!
I saw one/two typo(s).
[...] be nothing more THAN a rumoUr.
I'm Canadian, so I spell rumor with a U, and than, not then.
this is not the first time for BGR, they always like having some personal problems with RIM ? I don't know but I dont trust their sources anymore and I think CrackBerry should seriously to not report rumors from BGR
"Not interested in RIM"
OUCH!... kinda makes it sound like they want nothing to do with us
I knew it...once again BGR reports are bull...now come RIM and shock the world with BB10 and Playbook OS 2.0 then later Playbook 2
Zodiac BBX (BB10)
I hope that the company can wait untile the end of 2012
Mobile Nations buy out BGR and shut it down?
No. BGR's "inside source" from RIM should by BGR with the money he made by making up the story. That way every stupid article will be from the horse's mouth. lol
good idea
SEOUL (Reuters) - Samsung Electronics Co said on Wednesday it was not interested in taking over Research In Motion after shares of the BlackBerry smartphone maker jumped more than 10 percent following a tech blog report that it was seeking to sell itself to the South Korean firm.
I think it is high time that BGR is criminally prosecuted, who knows who benefited from this rumour.
i wonder who made a boat load of money on the market today?
It really does look like a pump-and-dump scam.
It was obvious a sale would not happen. They said previously that they were interested in seeing the success of BB10 before anything was considered.
However, That doesn't negate the chance at a partnership, similar to that of Nokia and Microsoft. Both could definitely benefit from working together, especially RIM
E.L.
I've heard that Apple want to buy RIM and create the BlackI ("I" like insane)
Ok glad this is over with and i hope there is actually something exciting to read about tomorrow http://t.co/YeofONgm
I find it hilarious that analysts and the like actually listens to BGR.
It is hilarious and also scary at the same time. Shame on Wall Street for continuing reacting to lies.
What'd be the point? Samsung would likely be content to increase the size of their patent portfolios, and at best might exploit QNX for non smartphone or tablet things. I don't believe for one second that they, Amazon, or any other company rumored to be acquiring RIM are going to gamble on fighting Google. If RIM is sold, BlackBerry as we know it will become nonexistent.
I hope they'd sooner accept corporate death than throw everything right off the cliff.
don't kid yourself, Amazon did approach RIM in the summer, Jim and Mike are not interested in selling.
Why in hell do you come here???? what a sad life you lead.
As for google phuft!! facebook owns google ass. Once facebook puts search on their site google stock will drop so fast it'll make their stockholders vomit. Seriously does google sell (not give away) any product that is "sticky" like facebook? NO!
Your arrogance is unnecessary, act like an adult. Secondly, perhaps you missed my point entirely, I don't know how you arrived at what you did. All I was suggesting is that if any of the companies rumored (here or elsewhere) were to take over RIM, it is my opinion that they won't be trying to rebuild and restore the smartphone platform as we know it, but will simply exploit the patent portfolios. Sammy is behind Google, Facebook as well. What does Facebook have to do with taking over RIM? In any event, I feel any company that would take over RIM would ruin 'OUR' RIM, which by the way is exactly what I don't want. I love my Berry just fine thanx.
BlackBerry is on its way to becoming nonexistent. Where have you been?
lol at RIM's crappy stock value, the only times it rises is when there are rumors about a takeover or change of CEOs hahahaha, sadness, sadness everywhere...
lol at you trolling here. Come out from the basement. Grandma needs dinner.
LOL MOOOOOOOOOMMMMMMMMMMMMM!!!!!!!!!!!! where's my meatloaf!?!?! trolls
the market is stupid
Dingling your berry.
LOL! Agreed xD
I swear... BGR is going to bring down RIM...
Shocker, BGR had incorrect facts. Slow news day CrackBerry? I don't know when other blog sites are going to learn to not report rumors from BGR.
another BGR exclusive LIE : ) . . . .
I think BGR is playing with RIM stock for their own arbitrage advantage.....
hehe that's what I think too. The FCC should investigate
I think you mean the SEC. Security and exchange commission.
At www.sec.gov they have a tip line for situations like this. Only takes a couple of minutes and you can do it anonymously.
No doubt. Boy genius is getting a kickback for posting the story for sure. They are not smart enough to make up the story and timing of the release alone. They are also not dumb enough to trade RIMM on an account directly linked to them.
Why does anyone take BGR seriously anyways?? Wouldn't be surprised if it was a kid running that site who has nothing better to do than make up bs. Seriously CB I'd say drop them from your source list...asap.
Agreed ! Stop reporting (or visiting the site) anything from BGR ! PLEASE !!!
BGR bullshit again. Glad it's not happening, anyway.
What? BGR made up a story? You're kidding me?!? /sarcasm
And in other news...CNN is considering buying TMZ who is considering buying BGR, who is considering buying...uhm...a rumor about a rumor about a dog.
I know, can you believe it? Another BGR RIM story from a trusted "inside source" turns out to be a complete lie. I’m SHOCKED!
What I find funny is that the idiots on Wall Street actually believe BGR when he claims that:
RIM is dropping the playbook,
RIM can't get email to work,
ect.
ect.
ect.
I guess right now this rumour is good for RIM as it has increased RIM’s stock, but BGR BS reports were a big part last year in tearing down RIM’s shares (granted there were many other aspects as well)
I'm still trying to figure out why BGR has ANY credibility left ? I mean enough already .....
Exactly. BGR is a joke. Most of their RIM news is complete fiction.