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Investing

Samsung Interested in Buying RIM? (RIMM, SSNLF, GOOG)

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By Paul Ausick Published

Research in Motion Ltd. (NASDAQ: RIMM) has lost about 75% of its value in the past year, and the company continues to search for ways to get operations back on track. Licensing the company’s software is one possibility, and another is find a buyer for part or all of the company. There’s a rumor out today that Samsung Electronics (OTC: SSNLF) is RIM’s preferred choice.

The report, from the Boy Genius Report blog, indicates that RIM would prefer to be acquired by Samsung for a price of $12-$15 billion. At today’s stock price, that’s a premium of between 50%-70%.

What RIM has to offer in exchange is its BlackBerry Messenger service and other enterprise features that could help differentiate Samsung’s Android-based smartphones from the herd that now uses the Google Inc. (NASDAQ: GOOG) operating system. RIM also has a huge user base that Samsung might eventually choose to migrate to the Korean company’s own handsets.

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About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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