Samsung denies Research in Motion buyout


The rumored buy-out of Research In Motion by Samsung is totally just a hearsay.

The world’s No. 2 phone maker is denying reports that Samsung is going to buy RIM. The rumor resulted to an 8 percent spike on Research In Motion’s shares.

According to a report by, Samsung has not considered buying company behind BlackBerry. They also added that there has been no contact from them to RIM.

As the trading closed in New York yesterday, RIM stock rise to $17.47 after a site posted an article regarding the so-called buy-out. RIM has been battling problems with their system that resulted into a shares drop a year ago.

RIM declined to release a statement regarding the article.

Research In Motion’s market share in the US has dropped to 6.5% from 7.1% during the last quarter. Samsung on the other hand, increased its share from by at least .3% to end up at 25.6%.

Samsung has been the center of speculations during the past year. It included the supposed acquisition of Hewlett-Packard Co. PC business and WebOS.

The company is planning to expand its production in its Texas site.