No matter how bad the news gets for Research In Motion, a juicy rumour—no matter how far fetched—seems to be all it takes to get investors interested again. Earlier this month, the scuttlebutt was that co-CEOs Mike Lazaridis and Jim Balsillie would be turfed (that, of course, never happened). This week, it was gossip that Samsung Group was interested in buying the BlackBerry maker (that didn’t happen, either), although over at the Globe and Mail, Michael Babad offered up three reasons why that one was pretty unlikely from the outset: 1) RIM’s outlook is so uncertain that any potential buyer would wait to see if the stock will drop further before making an offer; 2) the board is being proactive with planned board restructuring and strategic review; and 3) Samsung is not known for big takeovers. Poor, spurned RIM—once the belle of the ball, now surpassed by better-looking upstarts. Read the entire story [Globe and Mail] »
Insider intel on the politics and personalities shaping the city. Sign up for Preview newsletter for weekly updates
Why rumours that Samsung was poised to takeover RIM were really quite silly right from the start
Popular
Most Commented
- Jan Wong: Why the LCBO—the antiquated, paternalistic monopoly that’s deliberately gouging us—has got to go 52
- All-Beef Party: Toronto’s 25 best burgers ranked in order of heart-stopping, messy magnificence 42
- Introducing: The Bristol Yard, a bit of Britain down by Christie Pits 23
- Joanne Kates to leave the Globe after 38 years (UPDATED) 22
- Great Spaces: a filmmaker turns a former car repair shop into a killer bachelor pad 13
1 Comment
Comment on this post
Neither the author nor Toronto Life necessarily agrees with the comments posted here. Editors will not correct spelling or grammar. Toronto Life reserves the right to edit or delete comments entirely. Read our full policy
they were silly because BGR, the National Enquirer of Tech, initially reported them…
January 19, 2012 at 1:06 pm | by A