RIM Sized Up By Nokia, Microsoft & Amazon

According to a number of reports, Amazon, Microsoft and Nokia have all looked into the possibility of purchasing the Canadian smartphone manufacturer RIM.

Reuters has reported today that Amazon went as far as hiring an investment bank during the summer to review a potential merger with RIM but didn’t go so far as to make a formal offer. Sources said that RIM had turned down takeover overtures from Amazon and others as it said it would rather fix its many problems on its own.

it seems as if RIM is currently doing its best to completely ruin what was a thriving business only a couple of years ago. “They have had approaches from folks who have wanted to have discussions,” said one head of technology investment banking at a Wall Street bank. “The issue is it is hard to find a value that makes sense with a falling knife.”

Over at the Wall Street Journal, it is reporting that Microsoft and Nokia came together to consider the idea of making a joint bid for RIM according to people familiar with the matter. The status of these talks remains unclear but the fact that these companies have even considered purchasing RIM, shows how the company is viewed by its rivals in the smartphone world.

With the next generation of BlackBerry handsets delayed until late in 2012, it could be that next year could see a lot more talk of take over if the co-CEOs continue to fail to get a grip on the situation.

Source: Reuters and Wall Street Journal

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