Bad news. Despite its decline, RIM could still have a place in the market.
About a possible buyer, IMVHO Both MS and Google, after their recent purchases and given their current patent war, and most probably Apple too, could receive objections by the antitrust. So I agree with those suggesting Samsung.

If this is true, I'll be sad that lot of people will loose their jobs. On the flip end, I'll be glad cause I won't have to program for their shitty OS.

Rim's patents are old and not worth a heck of a lot.  If msft gets them it still won't be enough to let them pull out a win over android and apple, and would be several billion lost.  Apple might want to buy it, Samsung too.

When companies hire bankers to assest the best possible for their companies, usually that means the company is pushing for a sale.  Research in motion has severe burn rate issues in its efforts to compete with Andriod and Apple, that reasearch, development, marketing is not going to be cheap and they mentioned that the next several quarters will be challening.  With Samsung Galaxy 3 and Iphone 5 releasing this year more attention is going to be going towards those phones instead of BB.

I remember when the then-CEO of RIM actually lol'ed at the iPhone when it released.

If you didn't sell your RIM stock that moment, I have no sympathy for you. At that point, it was painfully obvious how out-of-touch the company was with consumers. A little sad since I owned a couple BB's back in the day but I rarely shed tears for idiotic tech companies that contribute heavily to their own demise.