As quickly as it began, this buyout rumor was promptly shut down.
In continuation of the recent history that Research In Motion
The speculation wheel has recently landed on household names like Amazon.com
The only believable part of the report was that RIM co-CEO and co-Chairman Jim Balsillie was actively meeting with any company that would hear him out with his company-wide-fire-sale pitch, along with the possibility of licensing out its OS.
BGR had said that RIM was "leaning toward an outright sale of one or more divisions, or even the whole company," with Sammy as the top candidate suitor. The argument was that one of RIM's strengths, its BlackBerry Messenger (BBM), would give Sammy a leg up against other Google
Within hours, Samsung jumped in front of this gossip, shoved it down, poured cold water on it, and gave it a couple of kicks to the jugular. Samsung spokesman James Chung told Reuters, "We haven't considered acquiring the firm and are not interest in (buying RIM)." Chung even squashed the single credible aspect, saying Samsung hadn't even been approached by RIM for a takeover.
That last part could easily be PR fluff, since it's entirely within reason that the Canadian company has tried shopping itself around behind closed doors. Who do you think the speculation wheel will land on next? Share your thoughts in the comments box below.
Research In Motion has left the mobile party prematurely, which is a shame, because the mobile revolution is going to be huge. But RIM missing out doesn't mean you have to. We've just released a brand-new, 100% free report that details one stock that is in an enviable position powering the mobile trillion-dollar revolution from the inside, while also having exposure to China's red-hot growth. I like the stock so much I've given it an outperform CAPScall, and it's recently even found a position in my personal portfolio. Grab the report now to find out what company I'm talking about.
Fool contributor Evan Niu owns shares of Amazon.com, but he holds no other position in any company mentioned. Click here to see his holdings and a short bio. The Motley Fool owns shares of Amazon.com, Microsoft, and Google. Motley Fool newsletter services have recommended buying shares of Google, Amazon.com, and Microsoft. Motley Fool newsletter services have recommended creating a bull call spread position in Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.