Why rumours that Samsung was poised to takeover RIM were really quite silly right from the start
No matter how bad the news gets for Research In Motion, a juicy rumour—no matter how far fetched—seems to be all it takes to get investors interested again. Earlier this month, the scuttlebutt was that co-CEOs Mike Lazaridis and Jim Balsillie would be turfed (that, of course, never happened). This week, it was gossip that Samsung Group was interested in buying the BlackBerry maker (that didn’t happen, either), although over at the Globe and Mail, Michael Babad offered up three reasons why that one was pretty unlikely from the outset: 1) RIM’s outlook is so uncertain that any potential buyer would wait to see if the stock will drop further before making an offer; 2) the board is being proactive with planned board restructuring and strategic review; and 3) Samsung is not known for big takeovers. Poor, spurned RIM—once the belle of the ball, now surpassed by better-looking upstarts. Read the entire story [Globe and Mail] »
One thought on “Why rumours that Samsung was poised to takeover RIM were really quite silly right from the start”
they were silly because BGR, the National Enquirer of Tech, initially reported them…
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