Last updated on January 20, 2015

Putting recent rumors to rest, J.K Shin, the co-chief executive of Samsung Electronics has stated that his company does not intend to acquire BlackBerry Ltd. He also went on to add that Samsung is actually seeking enhanced cooperation with BlackBerry, which may lead to use of the latter’s technology in the former’s popular Android devices.

“We want to work with BlackBerry and develop this partnership, not acquire the company,” said Shin while speaking to the WSJ.

BlackBerry Ltd, formerly known as Research in Motion, was founded in 1984 in Canada, and saw the heights of success before rapidly losing market share and facing its worst fears. Since then there have been rumors of a big acquisition of the company by Samsung, a giant when it comes to electronics, including mobile devices.

Dispelling any rumors, Mr. Shin was adamant that such an acquisition would not be in line with Samsung’s goals to develop its own software platforms for mobile devices (Knox for instance). He also pointed out that Samsung was not particularly interested in BlackBerry’s patents, since the company itself was among the world’s largest holders of technology related patents.

If there was to be any acquisition however, this was actually a good time for Samsung to acquire BlackBerry, especially since the latter finally turned out a profit projection earlier this month. What such a development would mean for smartphone users is a whole different question though.

You may be interested in: 6 Things BlackBerry OS Does Better Than Android

While Android fans may have rejoiced, given how Samsung dominates that market and can actually inculcate the best of BlackBerry into its own Android offerings, loyal BlackBerry users would have been disappointed because Samsung would not have been likely to continue offering a separate line of BlackBerry devices or further develop the BlackBerry OS.

Nevertheless, at this point all we can do is speculate, because the Samsung BlackBerry union is officially off the table.