RIM may sell handset business, according to The Sunday Times

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The Sunday Times reports today that RIM is considering a plan to split its handset division and messaging network into two separate companies, and will sell off the struggling BlackBerry hardware business. The British paper doesn't cite any sources in the report, but it says that Facebook and Amazon are both "potential buyers." As part of this plan, RIM would either keep its enterprise-friendly messaging and data network in-house and license them out, or it would sell the division outright. The Waterloo-based company has been working with RBC and JP Morgan since earlier this year to conduct a strategic review, and The Sunday Times says the plan is one option drawn up during the process of the review. Another option, short of splitting the company in two, would be to sell a large stake to a corporation like Microsoft.

For some time, it seems that the end of road is approaching fast for RIM. How or will once iconic company survive these testing times?