Major Brands Eyeing RIM Takeover?

by Mike on December 21, 2011

There was a time when Research In Motion was the go to company for businesses with their BlackBerry devices. Although many large corporations still have major ties with RIM, the Canadian company has lost favor within the market place.

Analysts believe that RIM has failed to deliver quality products both in terms of its tablet and smartphone. Add this to the fact RIM also faces strong competition from companies such as Apple and it’s easy to see just why RIM’s socks are at an all time low. With its stock price so low, RIM has seen some interest as a potential takeover target and interestingly enough, it is some of the bigger players within the tech industry that eyeing the struggling company. Both the Wall Street Journal and Reuters are independently reporting that Microsoft, Nokia and Amazon are all interested in RIM. According to sources in the know, RIM has already turned down Amazon’s offer because the company believes that it can fix the problems internally.

Unlike Amazon who had attempted their take over bid by themselves, Nokia and Microsoft have teamed up to make a single bid for the company. Currently, the three companies are said to still be in negotiations, but it is not clear what is the status of these negotiations.

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