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Research In Motion, maker of the Blackberry, is in a bad way. The recent economic crisis has seen their stock fall from $148 to $60 in just 4 months, Reuters reports, leaving the company on shaky footing.
At the same time, Microsoft is looking to strengthen its presence in the handheld market, an arena recently invaded by two of the Redmond giant’s key rivals: Apple and Google. There have been rumors of Microsoft’s interest in RIM for years, but the Blackberry maker’s present financial situation has renewed and reinvigorated talk of a Microsoft takeover.
Peter Misek, an analyst with Canaccord Adams has said “RIM is a massive strategic fit [for Microsoft]. I’m fairly certain they have a standing offer to buy them at $50.”
It’s unknown how strongly the co-CEOs of RIM would oppose such a deal. If they resisted strongly, it’s considered unlikely that Microsoft would attempt a hostile takeover.
Image Credit: RIM