In recent days, several media sources are reporting that Microsoft may buy a stake in Canadian company Research in Motion (RIM), the maker of Blackberry gadgets.
According to the financial blog Benzinga, Microsoft is interested in buying a stake in RIM and for that purpose the Seattle based giant is willing to invest around $ 3.5 billion.
Rumors about sale of RIM have been circulating for a long time now, as not all is well with the company. In recent time, RIM is undergoing tough times and has witnessed a sharp drop in the global smartphone market leading to financial losses. Health of the company has made many global IT giants interested in making investments in RIM.
It must be recalled that that in March end RIM issued a negative financial report, which has also led to a drop in its stock price also. It also was a witness to the mass exodus of top executives, including ex-CEO Jim Balsillie, chief technology officer and chief operating officer.
In the past there were also talks about Microsoft being also being a suitor, but it is the first time an exact amount has been named about the volume of investments.
Benzinga published this information with reference to its own sources, and maintained that the official representatives of RIM and Microsoft have declined to comment on these reports.
At the same time new CEO Thorsten Heins said in a statement that he would not rule out in order to overcome the difficulties facing the company, he is keeping all options open.
Let’s keep our fingers crossed and see what options RIM is having on the table for suitors like Microsoft.
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