Looks like the mighty Research In Motion might be selling out to emerging giant Samsung.
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Shares in Research In Motion (TSX:RIM) rose sharply Tuesday after a website that closely follows RIM said that South Korean electronics giant Samsung is a leading contender to buy some or all of the BlackBerry maker.
The blog also says the Waterloo, Ont.-based RIM is currently in talks to license its software to other vendors.
The Boy Genius Report says RIM co-CEO Jim Balsillie is meeting with almost every company that might be interested in either a part or all of RIM, in addition to having talks about licensing and that “Jim is going hard after Samsung.”
It says one of RIM’s biggest assets is its BlackBerry Messenger instant texting service, which would allow Samsung to differentiate itself from the Android operating system that it uses in its smartphones.
Shares in RIM, which has been the subject of takeover or sale rumours for months, popped up $1.01 to $17.87 in afternoon trading on the Toronto Stock Exchange.