Amazon pursues RIM buyout, declined but not out
Well we all know that Research In Motion is going through quite a hard time lately what with the BlackBerry Playbook failing to attract customer interest and BlackBerry smartphones falling behind in market share, but it appears that RIM isn’t too worried, and is certainly not worried enough to take up a takeout offer from Amazon.
According to a report on Reuters, the Canadian BlackBerry maker has turned down takeover overtures from Amazon, who this summer hired an investment bank to review a potential merger with Research In Motion, however according to sources ‘with knowledge of the situation’ Amazon didn’t actually make any formal offer.
Apparently it is also not know whether any informal talks between Amazon and RIM mentioned any talk about price, or if anyone else has approached RIM with a view to a takeover.
According to the two unnamed sources, whilst the BlackBerry maker would consider tech licence deals along with other types of commercial partnering, any joint venture or outright sale of RIM is currently not on the cards.
Apparently one head of technology investment banking at a Wall Street bank has said RIM has been approached by people who wanted to enter talks, and further commented “The issue is it is hard to finda value that makes sense with a falling knife.”
So there you go, maybe it is time for Research In Motion to consider a partnership with the likes of Amazon or someone else, as the company’s fortunes seem to be on a slippery slope at the moment, but it would appear RIM isn’t quite ready to go there yet and wants to sort out their own problems if they can.
Do you thing RIM can make a big enough comeback to survive or do you think they should start to consider a merger of some description?
If you have enjoyed this Phones Review article feel free to add me to your circles on Google+ and I will of course add you back.