RIM Stock Surges 10% on Talks of Amazon Takeover

Posted by Knowlton Thomas

Shares of Research In Motion surged 10% this morning over rumours that surfaced yesterday that Amazon may be in talks with the company over a merger. Amazon hired an investment bank in the summer to consider the feasibility of buying RIM, but didn't end up making an offer, according to Reuters

However, the sources suggest that the two companies are still in talks, and this has sparked the interest of investors. RIM has become cheaper since the summer but would still cost at least $10 billion to purchase in full.

Apple's iOS platform and Google's Android platform have thoroughly devoured BlackBerry's marketshare over the past couple of years, transforming the perception of RIM from an innovative pioneer into a hopeless laggard. In August, Google bought Motorola Mobility for $12.5 billion.

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:
Amazon
Website:
http://www.amazon.com
Location:
Vancouver, British Columbia, Canada

Amazon.com, Inc. (NASDAQ:AMZN), a Fortune 500 company based in Seattle, opened on the World Wide Web in July 1995 and today offers Earth's Biggest Selection. Amazon.com, Inc., seeks to be Earth's most customer-centric company, where customers can find and discover anything they might want to buy online, and endeavors to offer its customers the lowest possible prices. Amazon.com and other sellers offer millions of... 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 or otherwise enjoying the outdoors. more



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