RIM Stock Soars on Speculation That Samsung Will Acquire BlackBerry

Posted by Rob Lewis

Research In Motion's share price soared more than 5% in trading today after analyst Peter Misek of Jeffries said he believes Samsung will either acquire RIM or otherwise strike a significant partnership with the company, which would involve RIM licensing BB10 to Samsung, the world's biggest smartphone maker.

Peter selected Samsung out of all potential suitors for RIM. He suggests Samsung, which has had success selling Android-powered hardware but owns no software of its own, is considering acquiring RIM for "insurance," partly because a competitor buying RIM would place Samsung at a disadvantage.

However, all of this may be folly. Samsung afterward issued a statement to AllThingsD that flatly denies virtually everything the analyst claimed earlier in the day: “Samsung Electronics has not considered the acquisition of Research in Motion or licensing BB10," the company affirmed.

RIM's stock sank slightly on that news, but is still up nearly 5% on the day.

Company:
BlackBerry
Website:
http://www.blackberry.com
Location:
Waterloo, Ontario, Canada

Research In Motion (RIM), a global leader in wireless innovation, revolutionized the mobile industry with the introduction of the BlackBerry® solution in 1999. BlackBerry products and services are used by millions of customers around the world to stay connected to the people and content that matter most throughout their day. The BlackBerry product line includes the BlackBerry® PlayBook™ tablet, the award-winning... more


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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media Inc. and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can... more



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