Amazon considered RIM buyout, so did Microsoft and Nokia

By on December 21, 2011, 8:30 AM

Research In Motion turned down takeover overtures from Amazon.com and other potential buyers this past summer, according to an exclusive report by Reuters, which claims the BlackBerry maker wanted to turn around the business on its own through the launch of new phones, better use of assets such as BlackBerry Messaging and restructuring. The company is still be open to licensing deals or other types of commercial partnerships.

Although Amazon did not make a formal offer for RIM it was reportedly looking at the viability of buying the Canadian firm. People with knowledge of the situation cited by Reuters said Amazon took on the services of an investment bank to review a potential merger. It's not clear whether any price was discussed.

A separate Wall Street Journal report claims Microsoft and Nokia also "flirted with the idea of making a joint bid" in recent months. The proposal, which included Nokia taking on RIM's hardware business, was discussed in an informal manner and was never taken to the board level according to the report.

Apparently, an outright sale or joint venture is not on the cards right now because the company is in such a bad shape. RIM's market value has plunged 78% in the last 12 months to about $6.5 billion following a series of disappointing quarterly reports, delayed phone launches, weak PlayBook tablet sales and a major fault in October that caused millions of BlackBerry users to lose service -- among other things.

Several industry watchers have suggested that RIM needs to change its co-CEO leadership to turn things around. Jaguar Financial Corporation, which holds 5% of RIM’s stock, asked the company to consider a sale last week and called on directors to "seize the reins" before more market value is lost.




User Comments: 5

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mojorisin23 mojorisin23 said:

RIM is done.... no one wants a blackberry anymore.

Tomorrow_Rains said:

I actually want one

I used to have an android

Then i moved to Windows Phone 7

Blackberry is still great for Business Use

tipstir tipstir, TS Ambassador, said:

The Playbook was $189 over BF weekend that price came from them RIM no tax no shipping charges. I had to send 4 emails over to finally get someone and tell them to cancel my order. After 3 weeks later I get an email saying they will cancel it. A week later I get another email saying there was something wrong with the ordering process and they couldn't fulfill my order. I should go back to RIM site to reorder again or go to Best Buy. What!

Guest said:

Black Berry is still popular in other countries

DokkRokken said:

One of Jaguar's reps was on the Lang & O'Leary exchange a few days ago. Their plan for RIM seems quite reasonable. But I'd be very interested in a MS/Nokia/RIM juggernaut. The combined expertise could create an OS and environment that would make Android and iOS look amateur by comparison.

I do hope things work out for RIM's employees; I'd hate to see them lose their careers and Ontario lose more high-bracket taxpayers.

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