Samsung says not considering buying RIM

Advertisement
By Reuters | Updated: 9 August 2012 16:32 IST
South Korea's Samsung Electronics Co said on Thursday it has not considered acquiring Research In Motion or licensing the embattled BlackBerry phone maker's new mobile operating system.

A lack of support from potential partners such as Samsung could mean more trouble for RIM, which is seeking various options to turn around its embattled business.

Shares of RIM had risen more than 5 percent early on Wednesday after an influential analyst said it may license the BlackBerry 10 system to Samsung.

"RIM has already lost its initiative in the smartphone market and what is left doesn't look really attractive to the likes of Samsung," said Lee Sei-cheol, an analyst at Meritz Securities. "Should they have a deep patent pool, that might be the most appealing asset to potential acquirers."

Advertisement

Samsung, the world's largest smartphone maker, is the biggest seller of phones that run on Google Inc's Android system, but it also makes phones using Microsoft's Windows as well as its proprietary software called bada.

Advertisement

Its strategy of making phones with multiple platforms had raised speculation it may also license BlackBerry's system to stretch its lead over rivals such as Apple and diversify away from Google, which now owns a handset manufacturing business after acquiring Motorola Mobility.

RIM plans to use its new operating system, known as BB10, in a next-generation line of BlackBerrys expected to launch early next year. It is considered RIM's last hope of reversing BlackBerry's steady decline in market share.

Advertisement

RIM's shares have fallen more than 80 percent since the beginning of 2011 when Apple and other smartphone makers started to widen their lead on RIM, which once dominated the business.

Shares in Samsung closed up 1.5 percent on Thursday, versus a 2 percent rise in the broader market.

Advertisement

Copyright Thomson Reuters 2012

 

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Advertisement

Related Stories

Popular Mobile Brands
  1. Moto G67 Power 5G Launched in India With 7,000mAh Battery: See Price
  2. Moto G67 Power 5G Launch Today: Everything You Need to Know
  3. Lava Agni 4 Confirmed to Feature Aluminium Frame, New Dedicated Button
  4. Apple's Low-Cost MacBook Launch Timeline, Price Leaked Ahead of Debut
  5. OnePlus Ace 6 Pro Max Configurations Leaked; May Feature Up to 16GB of RAM
  6. Moto G Play (2026), Moto G (2026) With Dimensity 6300 SoC Launched
  1. Realme UI 7.0 Launched With Light Glass Design, AI Notify Brief and AI Gaming Coach: See Eligible Phones, Beta Release Schedule
  2. Samsung Galaxy S26 Ultra Spotted in Leaked Design Renders That Hint at Rounder Corners
  3. Call of Duty: Black Ops 7 PC Specifications, Preloading Times Revealed; Activision Confirms Handheld Support
  4. Silicon Carbide-Based Motor Drive Enables a Smaller, Lighter Electric Aircraft Engine
  5. OnePlus Ace 6 Pro Max Key Features Leaked; May Be Equipped With Up to 16GB of RAM
  6. Moto G67 Power 5G Launched in India With 7,000mAh Battery, 50-Megapixel Sony Camera: Price, Specifications
  7. Southern Taurid Meteor Shower 2025 Promises Bright Fireballs in a Rare Swarm Year
  8. Moto G Play (2026), Moto G (2026) With MediaTek Dimensity 6300 SoC Launched: Price, Specifications
  9. How Hot Was the Universe 7 Billion Years Ago? Scientists Now Have an Answer
  10. Amazon Demands Perplexity Stop AI Tool From Making Purchases
Gadgets 360 is available in
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2025. All rights reserved.