RIM reportedly hoping to sell itself to Samsung

RIM reportedly hoping to sell itself to Samsung
Research in Motion’s market share problems have been well documented, so perhaps it shouldn’t have been a shock when we reported that RIM was looking to license its upcoming BlackBerry 10 OS to vendors HTC and Samsung. Or when they got in contact with Goldman Sachs for advice on a possible sale. Now, according to sources speaking to BGR, RIM is pushing hard to sell the entire company to Samsung.

Continuing delays in BB10 products and the unmitigated hemorrhaging of market share is quickly coming to a head with RIM’s investors, and apparently the preferred solution now is to sell off either part of the company, or be acquired in its entirety.
Samsung is reported to be the first choice, and in many ways RIM would be a good match for Samsung. In addition to making BB10 handsets, Samsung could also leverage RIM’s BBM and enterprise software to improve and differentiate their Android handsets. RIM also has many patents, some of which might prove useful in the ongoing smartphone patent wars.

So should we expect a deal soon? Naturally enough neither Samsung nor RIM was interested in commenting on the story. According to BGR’s sources, the major sticking point is price. RIM is reported to be asking for $12-15 billion, despite a market cap of $8.5 billion. While companies like Motorola also commanded a significant premium during their buyout, many analysts feel that RIM’s market cap is still over-valued, making the 50%-90% premium price hard to swallow.

Obviously these are just rumors for now, but BGR has a track-record of getting inside tips from RIM. 2012 is already shaping up to be a year full of surprises!

source: BGR

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31 Comments

1. ZEUS.the.thunder.god unregistered

it `ll be good for RIM and SAMMY both.

27. Lucas777

Posts: 2137; Member since: Jan 06, 2011

idk what samsung really would gain from this.. they will be either managing android, badatitzen, and bb os... or they will simply get rid of bb os/qnx in which case they really dont need to buy them anyways.. and in my opinion they make better hardware than bb already so idk what angle they would achieve through this

28. christianqwerty

Posts: 467; Member since: May 05, 2011

It will be bad for RIM, it seems like almost everyone phone is the same, black slab with a giant screen, blackberries have a different approach, keyboards, sliders, ect. If samsung takes RIM, then will the physical portrait keyboards die?

29. christianqwerty

Posts: 467; Member since: May 05, 2011

And also, do you think Samsung actually wants to work on blackberry OS? or are they just trying to buy patents. They already have their own OS (Bada) and they dominate the android field, would they really put time and effort into trying to make blackberry better?

2. m.garz

Posts: 61; Member since: Oct 08, 2010

about time..

3. bbblader

Posts: 590; Member since: Oct 24, 2011

rim - good keyboards sammy - good android phones

4. snowgator

Posts: 3614; Member since: Jan 19, 2011

Is anyone besides me not buying this until it comes from somewhere else other than BGR? If you look at the actual "track record" of their "inside sources", it really is not great. I have said before that they are not the National Enquirer, but more like People magazine- right enough to keep interest in their website, wrong enough that you just ain't buying or even if it sounds good. This could be a discussion behind the scenes, and I am not sure who else has deep enough pockets to buy RIM outright that would also be interested. This company still has value, and truthfully still can stand on it's own if it gets better leadership.

5. ilia1986 unregistered

Excellent. This will help establish Samsung in the corporate world - something that the company strongly needs right now. Plus - an Android phone with a 4.5" screen and big-sized BB keyboard ala BB Torch = ultra win.

6. remixfa

Posts: 14605; Member since: Dec 19, 2008

sgs3 ... now with BES support. that would be a killer combo

7. jskrenes

Posts: 209; Member since: Dec 11, 2008

I would think Microsoft would be a more logical choice for a RIM suitor.

14. TKFox007

Posts: 303; Member since: Nov 02, 2010

RIM is small potatoes, Microsoft wants Nokia

22. ardent1

Posts: 2000; Member since: Apr 16, 2011

I've been saying RIMM is better off dead than alive -- smart investors are buying RIMM for its patents just like Carl Icahn champion Moto for its patents after the Nortel sale. Guess what Google paid billions for Moto's patents, and as a result, would not be a good candidate to acquire RIMM for possible antitrust reasons.

8. darac

Posts: 2156; Member since: Oct 17, 2011

Samsung better stay away from this..

9. blattlaus

Posts: 75; Member since: Dec 12, 2010

I have to call BS on this. Sammy is kicking butt with Android, and has Bada/Tinzen as well. What exactly could they get from RIM that would be worth their purchase price? Patents? Just wait a year and pay 1/4 price.

15. remixfa

Posts: 14605; Member since: Dec 19, 2008

the company will only devalue so much. the do internal manufacturing and own a boat load of security patents. any purchase would be more for that than anything else. Of course, knowing RIM's idiots in charge, they will continue to demand too much until no one wants to buy them.. then they will be auctioned for pennies.

17. Droid_X_Doug

Posts: 5993; Member since: Dec 22, 2010

"Of course, knowing RIM's idiots in charge, they will continue to demand too much until no one wants to buy them.. then they will be auctioned for pennies." That is the most likely scenario. When your stock is tanking and you can't roll out a new product until end of this year (and that is being charitable, it probably will slip), your company's value is not worth a premium over market price. If the co-Bozos could get anyone to pay current market for the company, they should grab the offer and sell, sell, SELL!

10. the_s2

Posts: 239; Member since: Nov 22, 2011

Wo woah! thats a huge load now in sammy's hands!

11. lboogy82788

Posts: 22; Member since: Jan 09, 2012

Do it Samsung! Just imagine a BlackBerry super phone with GS3 specs,WOW!!!!!

12. lubba

Posts: 1313; Member since: Jan 17, 2011

Samsung, no! MS and Nokia. Great for enterprise and business.

13. MorePhonesThanNeeded

Posts: 645; Member since: Oct 23, 2011

I'd say it's better for Google to acquire RIM software house and use that to strengthen it's enterprising in Android and thus making Android in a better position to easily flow right into the business sector piggybacking on RIM know how and years of experience. Can't believe the RIM botched themselves this bad. Lackluster release that started with the Storm, each phone was crap on top of crap. Google buying RIM would ensure that Android can survive even better against frivolous lawsuits and probably get microsoft out of the android OEM pockets because of the patents that MS hold in parts of android source code. I see Google taking a long hard look at RIM and their portfolio. Lets hope we don't get another debacle like that BS gang up buyout from 2 years ago with the assets going to MS, Apple and a few others. We all remember that. Google a search engine is now a global force in OS? Microsoft is definitely not pleased and Apple has the most popular devices on the planet, go figure MS isn't happy about that but software is their strong suit and Google is a more serious threat than Apple. It will interesting to watch what happens when the vultures circle the carcass that is RIM has become.

18. remixfa

Posts: 14605; Member since: Dec 19, 2008

Google buying RIM would be awesome for the entire android community. The only problem with that I see would be the fact that they bought Moto. Then they would have 2 in house manufacturing companies... 1 which has never made an android phone, so it would probably take a few bux to get it converted over. Then what? Maybe they could sell all the manufacturing equipment to MS, but that would just make their partners mad.. if they made google branded phones with it.. that would make partners mad... If they dismantled the company and sold it for parts they would look like a giant jerk for throwing away probably hundreds or thousands of jobs... and that's against google's company culture. There really isnt too many ways for google to come out of that purchase smelling like roses and benefiting at the same time.

16. TKFox007

Posts: 303; Member since: Nov 02, 2010

It was bound to happen, ever since the iPhone they've been exhausting themselves to try and keep up and appeal to the non business crowd. The Storm fell on it's face, the Storm 2 was too little too late because the Droid had stolen the baton and ran with it.

19. MorePhonesThanNeeded

Posts: 645; Member since: Oct 23, 2011

RIM was too stubborn and kept releasing the same crap, underpowered phones because they didn't value the presence of the regular joe in the market. There are more regular joes than company people and these people are what made apple and android so popular. Storm launched with a 3.2 camera on he back and a paltry 256mb RAM, seriously and no space for apps which the stock apps took up most of the memory already. Phone was slow and buggy and after a year would just quit for unknown reasons. Then look at now, RIM releases nothing but design rehashes, every phone looks like something you had in '02. Same tiny screen with the cramped ass KB that people swear by. I don't like doing finger gymnastics to use my phone. It made me laugh watching people holding up a BB to their faces whilst typing on the tiny keyboard. RIM wasted too much time, and I think the guys in charge should be fired for running the company into the ground. How could they have just sat by and just lost market share without innovating or at least acknowledging that touchscreen phones were a big deal. The biggest screen on a RIM phone to date is the Storm 2, I haven't seen anything larger than that 3.2" clicker. What a waste of such an accomplished company.

25. Mr.Best

Posts: 79; Member since: Jan 17, 2012

Well put my friend. Couldn't have said it better!

20. Carlitos

Posts: 645; Member since: Oct 23, 2011

Cant find anything bad from this. If Samsung uses Rim, for Android, android, is just going to take over the market. On the other hand if you sell rim to microsoft and is used for there windows platfrom this can really help Windos gain some ground and even out the playing field, in two new competitors. Android and Windows.

21. som

Posts: 768; Member since: Nov 10, 2009

Samsung must save money to invest on new technology and don't buy RIM waste of money on an old company.

23. Striker

Posts: 92; Member since: Nov 06, 2011

Oh, my God! RIM, must be really desperate to ask crappy yellow company for a buy...

24. Mr.Best

Posts: 79; Member since: Jan 17, 2012

I may be wrong but I don't think that RIM wants to sell out to an American company...and this rumor kinda validates it.

26. christianqwerty

Posts: 467; Member since: May 05, 2011

I really hope this doesn't happen, blackberry puts real time and quality in their phones, I wouldn't buy a blackberry made my Samsung, hardware and email is what makes blackberry great.

30. lubba

Posts: 1313; Member since: Jan 17, 2011

Don't listen to the fanboys. Their absurd ideas are based on fanboyism and not sound judgment, just like fanboys wanting google to buy tmo. Lolz, how stupid!!!

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