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Wednesday 21 December 2011
Nokia, Amazon and Microsoft circle RIM - is a takeover on the cards?
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With RIM's stock at an all time low, it is no surprise that sharks look to be circling the mobile phone and tablet maker. However the interest, it seems, is coming from those you wouldn't, perhaps, expect. They're some of the biggest fish around.
According to two separate articles on Wednesday, by Reuters and the Wall Street Journal, those sharks include Amazon, Nokia and Microsoft.
Reuters is claiming that "people with knowledge of the situation" have told them that Amazon - yes, the online retailer - even fancied seeing what it could do with the ailing smartphone maker.
"Research In Motion Ltd has turned down takeover overtures from Amazon.com Inc and other potential buyers because the BlackBerry maker prefers to fix its problems on its own, according to people with knowledge of the situation," writes the news agency.
According to the article, Amazon even hired an investment bank to look into a potential merger, but an offer wasn't forthcoming.
Meanwhile, the Wall Street Journal is reporting that Nokia and Microsoft looked to join forces in order to buy RIM. It claims that sources have told them that the organisations "flirted with the idea of making a joint bid for Research In Motion Ltd" and even entered into discussions with the company. However, the results of those talks are unclear.
RIM's market value has plunged 77 per cent in the last 12 months.
Via: reuters.com Via: online.wsj.com
This post was written by: Irfan Jam
Irfan Jam is a professional blogger, web designer and front end web developer. Follow him on Facebook
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