On Wednesday, the world's second largest handset maker Samsung Electronics, declared that it is not at all interested in the acquisition of BlackBerry maker, Research in Motion, as had been speculated.
Not only that, but the company also ruled out any possibility of licensing RIM's operating system.
The rumours started after a technology blog published a report stating that Research in Motion was keen to get acquired by the South Korean tech giant. Soon after this report, the shares price of RIM actually went up by 8 percent.
In a telephone conversation James Chung, spokesman for the Seoul based company, said that they "never" considered buying Canada-based RIM - once a bright star in the global smartphone market.
Chung clarified: "We haven't considered acquiring the firm and are not interested in (buying RIM)," MyBroadband reports.
The spokesman also confirmed that the two companies had not contacted each other, and also that Samsung does not intend to use RIM's software via a licensing deal. On the other hand, spokesman for RIM, Tenille Kennedy, refused to make any comment on these reports.
The Canadian BlackBerry maker is facing a very tough time in the market, primarily due to the growing popularity and market share of Android powered devices, as well as Apple's iPhone. In fact, rumours of an acquisition have been going on for quite sometime now, but nothing has transpired yet.