RIM is hoping for a Samsung purchase

Oh, man. RIM stories are just getting sadder by the day. Today, Jonathan S. Geller at Boy Genius Report is claiming that a trusted source says that not only is RIM looking to sell either some divisions or their whole company, but they are favoring a purchase by Samsung. That said, nothing is done yet because RIM’s doublemint twins CEOs are asking for a substantial amount from the company according to reports.

We have heard the company is looking for more than $10 billion for a full sale, likely somewhere in the $12 billion to $15 billion range, or between approximately $22.90 and $28.60 per share. RIM’s market capitalization currently sits at about $8.5 billion, though several analysts think that even $8.5 billion is more than an interested party would consider bidding at the moment.

Truth be told, incorporating Blackberry branding and services into Android-based phones would be an interesting move from a company like Samsung. Instead of being hamstrung by Blackberry OS, just glue their (in)famous email backend and messaging service to stock Android. Bam! Now you have a phone that isn’t just a direct photocopy of an Apple phone. That would certainly be a step up for Samsung.

Is RIM doomed? Is their sinking ship going to take down the entire Blackberry brand? Take a minute to drop us your thoughts on Twitter. Our account is @macgasm. We want to hear what you think about this giant mess at RIM.

Source: BGR

Grant is a writer from Delaware. In his spare time, Grant maintains a personal blog, hosts The Weekly Roar, hosts Quadcast, and writes for video games.