Samsung On Possible RIM Buyout: “Not Interested”
I was highly skeptical today when I heard the rumor of Samsung considering a purchase of the failing RIM, and it turns out rightfully so. Samsung has commented on today’s rumors and had this to say:
“We haven’t considered acquiring the firm and are not interested in (buying RIM),” Samsung spokesman James Chung said.
And just like that… the rumors are put to rest.
It’s amazing how many people actually started buying RIM stock after the rumor surfaced (up 10%), I guess it’s true what they say: “A fool and his money are soon parted.” While Samsung made it clear that they were not interested in acquiring RIM, they didn’t say whether or not they’d be interested in licensing its software or buying a portion of the company (I still find it unlikely).