RIM rejects Amazon's takeover offer
Amazon said to have had merger talks with RIM BlackBerry manufacturer, while Nokia and Microsoft are also seen as an attempt
Searchthe manufacturer of the BlackBerry Motion rejected proposals to acquire Amazon.com, Microsoft and Nokia, while considering a bid for the maker of smart phones with problems, according to sources.
Amazon hired an investment bank this summer to discuss a possible merger with RIM, but made a formal offer, a source told Reuters.
Whether informal discussions have not led to speak of specific prices.
RIMAn investor who declined to be identified said the company now mainly for sale.
"This story puts RIM in the game, because shareholders are at stake," said U.S. investor. "It's over. It is now a society where militants are responsible . "
shares battered in the smartphone manufacturer in Canada increased by 10% after the close of the Nasdaq Stock Market after the Reuters report.
Value
RIMBut the market fell by 77% over the last 12 months to a value of approximately $ 6.8 billion (£ 4.3 billion) - below its "book value" of assets - after a series of disappointing quarterly reports, delay launches phone, weak sales of the tablet PlayBook and mistakes of others.
dropped from last week on weaker than expected quarterly results, which saw profits fall 70%, and the announcement of a delay in the launch of 10 new BlackBerry phones late 2012.
Council wants RIM co-CEO Mike Lazaridis and Jim Balsillie to focus on trying to turn around the company with the launch of new phones, better use of assets such as messaging and BlackBerry restructuring, two sources told Reuters.
RIM and Amazon declined to comment.
The Wall Street Journal reported that Microsoft and Nokia, who have come together to produce phones that run the Windows Phone, explored the idea of ??a joint bid, and that senior three companies "often meet to discuss ways to improve their relations."
A source confirmed to Reuters that Microsoft and Nokia have explored the idea of ??an agreement.
While RIM could reach agreements to license technology and other professional associations to increase revenues, direct sales or joint venture is not considered in the cards for now.
- "They had approaches from people who wanted to have discussions," said a bank official in technology investment bank on Wall Street. "The problem is that it is difficult to find a value that makes sense with a falling knife."
- activist shareholder Jaguar Financial
- called RIM sales of in whole or in separate parts, such as mobile telephony business, the operation of the service network, or the patent portfolio. This is due to a key meeting with RIM in early January in its management.
- RIM
- administrators said interested parties who do not want to sell or break the company, the sources told Reuters.
"The sale of the company or a joint financial company is not likely in the cards right now," said the source. "Until we stabilize the platform, people will be very nervous about spending 10 billion or more."
Some potential suitors private and corporate capital are resistant to the evaluation of RIM continue to decline, according to sources.
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- St. Louis Fire Department (MO) (Images of America)
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- Boot up: the 7in tablet problem, Android's busines...
- Edison: A Life of Invention
- Parrot AR.Drone Quadricopter Controlled by iPod to...
- Can A Company Keep An Employee's LinkedIn Account ...
- Sexual harassment claims return to haunt former He...
- Fire Emblem: Nintendo Announces First 3DS Game Wit...
- Luxury Vertu Constellation T smartphone now packs ...
- Czech electric scooter company covers 706 miles in...
- Sony London Studio chief talks 3D lessons, promise...
- GameChanger merges traditional board games with th...
- NVIDIA announces special edition GTX 560 Ti with 4...
- OCZ pushes access-time boundaries with Octane and ...
- Sliding Keyboard: it's like Swype, but for Windows...
- Simplified ContourROAM actioncam goes underwater a...
- Go Daddy pulls support for SOPA amidst backlash, t...
- Has James Bond gone green? Bulletproof electric ro...
- Nokia wants you to create its next iconic ringtone...
- TAKERI concept points to future direction of Mazda...
- Google wants to speed up your site, while resistin...
- Microsoft delays Windows Phone launch in China unt...
- UrtheCast video platform will let users view Earth...
- Microsoft to keep Windows Phone monogamous with Qu...
- One-of-a-kind Gravity Harp features robotic pendulums
- Atmel maXStylus allows simultaneous finger and sty...
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- M-DISC offers up to 1,000 years of data storage on...
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- Winklevii Finally Realize That Appealing To The Su...
- Yet Another Judge Rejects Yet Another Righthaven Case
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- Pixar Trademark Lawyers Being Kept Busy: Fighting ...
- RIM gets kicked while down, sued over BBM trademar...
- Gibson Guitar & Others On SOPA Supporters List Say...
- How to root the Kindle Fire (updated for 6.2.1)
- Analyst says iPad Mini rumor is bogus
- HP issues LaserJet firmware update, hopefully ends...
- More And More Internet Infrastructure Players Comi...
- iMAME emulation app hits the App Store, humanity c...
- Amazon Stops Hiding Competitors' E-Reading Apps On...
- Top-selling Wally Tender to be replaced by US$825,...
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- Sprint sues Time Warner, Comcast, Cable One and Co...
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- ITC sides with Apple, bans sale and import of some...
- Procter & Gamble partners with Mobeam to deliver c...
- Sony mystified by PS Vita glitch reports
- Firefox 9 arrives, boosts JavaScript performance b...
- Kindle Fire Display Doesn't Stand Up To Nook, iPad...
- Amazon Offers Free 2-Day Shipping for Kindle Devices
- P2 Games on why Peppa Pig iPhone apps aren't alway...
- RIM rejects Amazon's takeover offer
- T-Mobile USA and AT&T's seven-year UMTS roaming ag...
- Swivl intros companion iPhone app, we make sweet v...
- Two days in the desert with Apple's lost founder, ...
- Apple wins phone patents victory over HTC
- Amazon Saves Christmas With Free Expedited Shippin...
- Team Win Recovery Project 2.0 goes gold, tells you...
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- Steinberg CMC modular USB controllers, stack 'em h...
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- RIM's net income falls by 71%
- Apple Abuses Patent System Again To Obstruct W3C O...
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- iGloLEDset brings the party to the Kindle Fire, he...
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- Alan Greenspan: Failed To Predict Bubble Popping.....
- IBM experimental chips emulate the human brain
- ENMAC mobile phones eye Islamic market
- Fukushima technician gives behind-the-scenes look ...
- Microsoft takes the wraps off of So.cl, a search-b...
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- RIM reports Q3 2011 earnings: $5.2b revenue, $265m...
- BlackBerry maker RIM's net income falls by 71 percent
- MSI Unveils X79A-GD45 (8D) Mobo With Support For 1...
- Setting up your new Windows 7 laptop
- Mountainskyver lets hikers scoot down from mountai...
- Reports: American Airlines wins FAA approval for i...
- Google's Motorola Mobility takeover delayed
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- Disjointed European states create a gaping hole in...
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