BlackBerry maker Research in Motion seems to be the new target of a takeover from a couple of tech majors.According guardian ,RIM has turned down takeover overtures from Amazon.com, while Microsoft and Nokia are considering a bid for the troubled smartphone maker.
According to news from The
Wall Street Journal, Microsoft and Nokia are actively pursuing
the beleaguered company Shares of RIM have dropped
by 75 percent since February,2011 as the RIM's market value has plunged
77% in the past 12 months to value it at about $6.8bn (£4.3bn) – below its
"book value" of assets – following a series of disappointing
quarterly reports, delayed phone launches, weak sales of the PlayBook tablet
and other missteps.
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The shares tumbled last week on weaker-than-expected quarterly results, which saw profits crash by 70%, and the announcement of a delay in the launch of the new BlackBerry 10 phones until late 2012. Any potential suitors would most likely face stiff resistance from Jim Balsillie and Mike Lazaridis, the co-chief executives. Collectively they own more than 10 percent, which makes them among the largest shareholders |
RIM is also a point of pride for the Canadian government,
which has been increasingly reluctant to let foreign companies buy major
domestic corporations. In a recent news conference, Stephen
Harper, the Canadian prime minister, offered a note of support for
RIM, saying “we all know this is an important Canadian company.”
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