Latest, Breaking Mobile Phone News
Wednesday May 22nd 2013

RIM said to have hired Goldman Sachs to broker RIM buyout

It seems things just keep getting worse for Research In Motion (RIM). According to rumors, the maker of handsets such as the Blackberry 9900 Bold Touch and the Blackberry 9360 Curve has hired Goldman Sachs, an investment bank, to look for potential buyers for the ailing Canadian phone manufacturer.

The news comes to us via Reuters. According to their source, a trader who wishes to remain anonymous, RIM has hired the investment bank. However, the trader added that this is not an indication that RIM will be sold anytime soon. Despite this, this adds more fuel to the flame when it comes to rumors of RIM looking to sell itself to the highest bidder. According to rumors, potential buyers include Microsoft, Nokia, and Amazon. However, the three are said to have changed their minds at the last minute.

RIM has suffered a disastrous 2011 and is said to further roll downhill this year. Furthermore, 75% of Blackberry users are considering switching over to either Android or Apple. Despite this, RIM still holds significant shares in the business enterprise market. Moreover, we’re sure a number of companies in the mobile phone industry would like to get hold of RIM’s vast patent portfolio.

There is no doubt that RIM is in serious trouble. However, is this rumor true? Is RIM on the lookout for potential buyers? Unfortunately, there’s no way to confirm these reports. We’ll just have to wait and see.

 

Leave a Comment

Related News

Study says iPhone resale value higher than Samsung Galaxy handsets
Study says iPhone resale value higher than Samsung Galaxy handsets

A recent study reveals that the resale value of the iPhone is higher than Samsung Galaxy smartphones. According to [Read More]

Blackberry Q5 features revealed
Blackberry Q5 features revealed

Aside from the Blackberry Q10 and Z10, the Canadian phone maker has now unveiled the Q5. It has also revealed the new [Read More]

Document leaks iPhone 5S to be available for pre-order in June
Document leaks iPhone 5S to be available for pre-order in June

A KDDI (Japanese network operator) “au” wireless service document has been leaked, which reveals the iPhone 5S will [Read More]

LG Optimus G2 landing in the UK in Q3, according to report
LG Optimus G2 landing in the UK in Q3, according to report

Longing for a new smartphone from LG? According to a report, the Korean phone maker will be launching the Optimus G2, [Read More]

France Telecom says iPhone sales threatened by budget handsets
France Telecom says iPhone sales threatened by budget handsets

High-end smartphone such as the iPhone 5 are threatened by budget handsets, since consumers are looking more for [Read More]