Amazon looked over buying RIM (though which was back in summer time): Latest Updated Technology News

Amazon looked at buying RIM

Back within the summer, things were just a little different at Investigation In Motion in order to now, though possibly not that various. Still, at that point, Amazon saw fit to research the possibility of purchasing the Canadian organization. No, it didn't exercise.

Online retail giant Amazon looked over the viability of purchasing BlackBerry maker Investigation In Motion within the summer, though the organization did not create a formal offer.

Reuters reported upon Tuesday that “people with understanding of the situation” stated that Amazon took about the services of a good investment bank to check out the possibility of the merger with the actual Ontario-based company, though there had been no information regarding whether executives in the two companies ever went so far as taking seats round the same table in order to talk details.

Both companies declined to create any official remark about Amazon’s curiosity about RIM, though sources told Reuters how the RIM board presently wishes for co-chief professionals Mike Lazaridis as well as Jim Balsillie to focus on sorting out their own troubled business on their own “through the release of new cell phones, better use of assets for example BlackBerry Messaging as well as restructuring. ”

It had been suggested by the sources that the complete takeover from the company by an additional was currently not really a possibility, though technology licensing offers and commercial partnerships good for RIM was something which could happen later on.

Indeed, according towards the Reuters report, the two companies are authoring how they may expand commercial scarves. Also, there may be talk recently associated with Amazon introducing the smartphone. RIM could definitely lend its understanding to Amazon for this type of device included in a deal between your two companies.

Many may be perplexed why Amazon was thinking about buying RIM. Thanks to a number of problems, RIM’s market worth has plummeted during the last year by a few 77 percent. Fragile quarterly reports, bad sales of it's PlayBook tablet, an extended service outage affecting an incredible number of BlackBerry users within October, and delays towards the launch of the actual BlackBerry 10 operating-system (which it’s wished will reverse the fortunes from the company) possess all taken their own toll on RIM’s picture.

But remember which apparently the talks happened over the summer time, before RIM’s problems really started to snowball. However, that snowball has become as large since the company’s stockpile associated with unsold PlayBooks, so even though RIM did change now and state “OK, let’s combine, ” Amazon could emit a anxious cough before quietly leaving the area.