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Rumor: RIM trying to court buyout from Samsung

updated 02:40 pm EST, Tue January 17, 2012

RIM said optimistic in hoping for Samsung takeover

A contentious rumor Tuesday alleges that RIM has been trying to get a buyout offer from Samsung. The "trusted sources" for BGR had the company talking to anyone interested in buying some or all of the BlackBerry maker, but co-CEO Jim Balsillie was reportedly "going hard" for a Samsung deal. Samsung might want the company for adding enterprise-grade services and expanding or replacing ChatON with the more tightly integrated BlackBerry Messenger.

The lack of a deal was supposedly blamed on the co-CEOs' historic over-optimism. It wanted between $12 billion to $15 billion as a target range for a full sale, or more than 50 percent over RIM's actual $8.5 billion market cap.

Neither side has commented on the rumor, and RIM has historically denied any such deals.

It still follows after repeated talk of acquisition negotiations, including rejected Amazon offers and even exploratory Microsoft and Nokia talks. Some claims have suggested RIM may wait until its BlackBerry 10 hardware ships and it has a more marketable position. The claim does line up with RIM's tendency towards executive optimism, which saw it repeatedly overestimate its guidance in 2011 and how soon it could turn around the company's lineup.

Several complications would exist with any outside takeover. Despite iOS and Android cutting into RIM's once-safe business share, many companies still depend on the BlackBerry and would have to be transitioned away or even kept on as legacy users if Samsung or another buyer wanted to avoid an outcry from corporate and government customers. A deal would similarly risk eliminating the built-up brand name and culture that still exists around the BlackBerry.

Samsung is still known to have some envy of the BlackBerry form factor and is best known for imitating it with the BlackJack line and more recently the Galaxy M Pro.



By Electronista Staff
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Comments

  1. climacs

    Dedicated MacNNer

    Joined: Sep 2001

    +4

    better take whatever Samsung is offering

    because six months from now, it will be a lot less.

    Not surprising that the co-CEOs overvalue their company. RIM is a lot like the Costa Concordia, AAMOF, and the co-CEOs are telling Samsung, "it's a beautiful ship!" meanwhile ignoring that it's on the rocks and has a huge hole in the hull.

  1. Flying Meat

    Dedicated MacNNer

    Joined: Jan 2007

    +2

    plus barnacles and

    rusted decks

  1. global.philosopher

    Fresh-Faced Recruit

    Joined: Sep 2010

    0

    I would have thought Google would be interested

    After all they appear to be in the aquisition of partners and competitors at the moment with all the surplus Ad revenue.

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