Plummeting Share Prices Could Leave RIM Vulnerable to Takeover
Plummeting Share Prices Could Leave RIM Vulnerable to Takeover
Posted 10/10/2008 at 2:20pm
| by Alex Castle
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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
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b_boy_69_00
October 10, 2008 at 3:02pm
Microsoft should buy them so they can come out with something to compete with the iPhone. Of course it will end up like the Zune/iPod competition, but it will at least give us an alternative, as long as they don't restrict it to one mobile company.
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