Amazon, Microsoft and Nokia Mulled Takeover Bids for Research in Motion
Published on: 21st Dec 2011
Note -- this news article is more than a year old.
By: Ian Mansfield
Amazon Microsoft and Nokia all took a look at a possible takeover bid for ailing BlackBerry manufacturer Research in Motion a couple of news reports have claimed
Citing people familiar with the matter, the Wall Street Journal said that Microsoft and Nokia had considered making a joint bid for RIM. As the two companies are working closely on the Windows Phone platform, a joint bid would have made sense.
The companies did not submit a bid, and RIM is reported to want to wait until the next BlackBerry models are launched next year before making a decision about a takeover.
A separate report by Reuters suggested that Amazon got to the point of hiring an investment bank to look at a bid for the company, but was rebuffed, with RIM saying that it preferred to sort out its problems as an independent company.
Research in Motion's share price has plunged by three-quarters this year, and the company has come under pressure to split the joint-CEO roles.