Oracle Almost Bought RIM (in 2009)

Posted by Knowlton Thomas

Larry Ellison's company almost acquired Research In Motion, according to a testimony in court. The CEO revealed the fact while testifying in court against Google - but the big-game acquisition was actually considered way back in 2009, when RIM was closer to its peak.

In 2009, RIM's stock hovered between $45 and $90, much lower than its 2008 peak of $140. At $45, it's rock-bottom recession price, RIM had a market cap of roughly $21 billion, and seemed like a huge deal compared to one year prior, when the company was valued at over $80 billion.

Today, however, the company's stock has sunk to just $13 per share, and the company is currently only worth $7 billion. Oracle noted that the reason it didn't buy RIM in 2009 is because it was too expensive.

Larry also pointed to Palm as a potential acquisition. HP ended up buying that company, however.

Company:
BlackBerry
Website:
http://www.blackberry.com
Location:
Waterloo, Ontario, Canada

Research In Motion (RIM), a global leader in wireless innovation, revolutionized the mobile industry with the introduction of the BlackBerry solution in 1999. Since then, BlackBerry products and services have continued to change the way millions of people around the world stay connected. With the launch of BlackBerry 10, we have re-designed, re-engineered and re-invented BlackBerry. Not only did we introduce a... more

Company:
Google
Website:
http://www.google.com
Location:
Waterloo, Ontario, Canada

Google's mission is to organize the world's information and make it universally accessible and useful. As a first step to fulfilling that mission, Google's founders Larry Page and Sergey Brin developed a new approach to online search that took root in a Stanford University dorm room and quickly spread to information seekers around the globe. Google is now widely recognized as the world's largest search engine --... more


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Knowlton Thomas

Knowlton Thomas

Knowlton is the managing editor of Techvibes. Based in Vancouver, Knowlton has been published in national publications and has also appeared on television and radio. Previously he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys playing tennis, hiking, and exploring weird side streets. more



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