Samsung denies takeover talks with Research In Motion

Samsung has denied speculation that it is in talks to buy embattled Blackberry maker Research in Motion. According to Canada’s Globe and Mail newspaper, the denial came after sources close to RIM claimed co-chairman Jim Balsillie was aggressively pursuing merger talks with Samsung. The Globe and Mail also points out that any potential offshore […]

Andrew Sadauskas 19 January, 2012

Samsung has denied speculation that it is in talks to buy embattled Blackberry maker Research in Motion.

According to Canada’s Globe and Mail newspaper, the denial came after sources close to RIM claimed co-chairman Jim Balsillie was aggressively pursuing merger talks with Samsung.

The Globe and Mail also points out that any potential offshore takeover of RIM may face difficulties as a result of Canadian foreign investment laws.

The news comes after RIM announced at the start of the year that it will not release any new phones until the end of 2012, prompting leadership and takeover speculation at the company.

RIM’s share price rose 5% on the news.