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Samsung refutes RIM takeover talk

Samsung refutes RIM takeover talk

Speculation that Research in Motion (RIM) is a takeover target for Samsung has been dismissed by the South Korean phone-maker.

Earlier today, a report on Boy Genius Report claimed that BlackBerry-manufacturer RIM was soliciting a bid from Samsung in the region of $12 to $15 billion.

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According to the site, Samsung is the front-runner among a number of companies eyeing RIM, the market capitalisation of which has nosedived from $80 billion in 2008 to just $9 billion.

The acquisition chatter follows a challenging year for RIM, amid muted sales for the PlayBook tablet and waning demand for BlackBerry handsets in the face of the iPhone and Android smartphones.

However, before the story really got legs, it has been denied by a Samsung spokesperson, who denies that RIM is in the company’s sights.

James Chung of Samsung stated: "We haven't considered acquiring the firm and are not interested in (buying RIM)."

RIM, which BGR claimed was either looking at selling off its business entirely or in part or licensing out services such as BlackBerry Messenger, has yet to comment on the rumours.

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