RIM reportedly hoping to sell itself 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!