Another Potential Suitor For RIM As Lenovo Ponders An Acquisition
Research In Motion is once again the target of a rumored acquisition. Lenovo’s CFO Wang Wai Ming said in an interview with Bloomberg at the World Economic Forum meeting in Davos that the Beijing company is eying the BlackBerry maker as a potential acquisition target or strategic alliance partner. The news comes less than a week after RIM CEO Thorsten Heins told German newspaper Die Welt that RIM is still undergoing a strategic review, with the possibility of licensing BB 10 to other manufacturers and selling its hardware production unit. And last August, Bloomberg reported that IBM “made an informal approach” to acquire RIM’s enterprise-services unit–the heart of BlackBerry’s business–amid intensifying rumors of an acquisition. “We are looking at all opportunities–RIM and many others,” Wong told Bloomberg. “We’ll have no hesitation if the right opportunity comes along that could benefit us and shareholders.” Wong added that Lenovo has already spoken to RIM and its ...
RIM Halts Trading To Issue Business Update, Hires RBC And J.P. Morgan For “Strategic Review”
Canadian smartphone manufacturer RIM has briefly ceased trading of their stock today in order to issue a "business update" from CEO Thorsten Heins to their stockholders. Though the release takes the time to outline some of the company's recent personnel changes, Heins also points out that the company has enlisted the services of both the Royal Bank of Canada and J.P. Morgan to help the company evaluate their financial strategies going forward.