Research In Motion (RIMM) Surges On Report It's Pushing For Sale to Samsung

January 17, 2012 11:34 AM EST Send to a Friend
Shares of beaten up smartphone maker Research In Motion (Nasdaq: RIMM) saw a mid-day surge Tuesday following reports from the RIM-watchers at BGR.com that the company is pushing for a sale of itself in parts or in whole to Samsung.

BGR said the company is weighing all options to turn around its precipitous fall from grace. In addition to looking to license its software to other vendors, a sale of one or more division or the company as a whole is an option the company is likely leaning toward.

Samsung could be interested in RIM for a number of reasons, one is the BlackBerry Messenger. A service like this could help Samsung differentiate itself in the maze of Androied OEMs.

RIM's co-CEO Jim Balsillie is actively meeting with every company interested in a deal, but he is "going hard after Samsung," a source told BGR.

Shares of RIM are up 6.4 percent in mid-day action to $17.08.

Link to the BGR.com report


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