Report: RIM's Bank Advisers Suggest Sale of BlackBerry Handset Business
June 25, 2012 4:04 AM
comment(s) - last by
Alternative plan would sell a stake to a large company like Microsoft
Embattled Research in Motion, Ltd. (
) CEO Thorsten Heins
has expressed openness
to "strategic business model alternatives", commentary which some believe hints at a sale. RIM retained help to explore its options -- the Royal Bank of Canada (
) and JPMorgan Chase & Comp. (
The Sunday Times
, a top United Kingdom weekly owned by News Corp. (NWS), is claiming that RIM is considering a proposal from its bank advisors to split itself in two. One company will be composed of RIM's services, which include
(BBM), BlackBerry Internet Service (BIS), and BlackBerry Enterprise Servers (BES). The other company would be RIM's handset business and potentially certain patents.
The latter company would be put on the auction block. Potential buyers are thought to be Amazon.com, Inc. (
might embolden it for a handset dip, or Facebook, Inc. (
) who is
reportedly eyeing a handset plunge
to boost revenues.
RIM is reportedly considering selling its handset business.
[Image Source: Christian Science Monitor]
The services company could also be sold, if interested bidders were found.
So far RIM has only publicly received a handful of seemingly sarcastic offers, such as one
rapper's proposal to buy it
. But RIM's industry leading physical keyboards, brand recognition, and experienced staff could be make the company's handset division a tempting "fixer-upper" for an ambitious firm.
The Sunday Times
, a second alternative plan from the advising firms would be to sell a large market share to a company like Microsoft Corp. (
RIM is coming up on its fiscal Q1 earnings, which will be revealed on June 28th. CEO Heins says his firm will "likely have an operating loss", following
a similar loss
Unsold handsets are piling up
and RIM has begun to
lay off a large chunk of its global workforce
-- in short, time may be running out to preserve shareholder value in the struggling firm.
The Sunday Times
This article is over a month old, voting and posting comments is disabled
6/26/2012 3:47:55 PM
And you'll always be an anti-RIM troll :)))
6/27/2012 2:07:36 PM
Even after they cease to exist??? Will I be a post mortem anti RIM troll? Maybe the term Retro troll fits me better. Yes, I like that one. ;)
"The whole principle [of censorship] is wrong. It's like demanding that grown men live on skim milk because the baby can't have steak." -- Robert Heinlein
RIM Begins Laying Off Employees, Won't Say How Many (Yet)
June 20, 2012, 8:44 AM
As RIM Waits on BB10, Another Manufacturer Bails on it
June 18, 2012, 3:29 PM
RIM Wins Court Approval to Continue Using BBM Name
June 1, 2012, 9:39 AM
Report: Facebook to Launch Phone "By Next Year", Eyes HTC Purchase
May 28, 2012, 12:00 PM
RIM Doesn't Want to Sell Itself, Hopes Instead for a "Strategic Investment"
April 17, 2012, 5:28 PM
Inspiron Laptops & 2-in-1 PCs
September 25, 2016, 9:00 AM
The Samsung Galaxy S7
September 14, 2016, 6:00 AM
Apple Watch 2 – Coming September 7th
September 3, 2016, 6:30 AM
Apple says “See you on the 7th.”
September 1, 2016, 6:30 AM
Apple sued because of iPhone 6 Touch Disease
August 31, 2016, 7:00 AM
Get Ready to wait in line – iPhone 7 due September.
August 18, 2016, 7:15 AM
Most Popular Articles
5 Cases for iPhone 7 and 7 iPhone Plus
September 18, 2016, 10:08 AM
Laptop or Tablet - Which Do You Prefer?
September 20, 2016, 6:32 AM
Update: Samsung Exchange Program Now in Progress
September 20, 2016, 5:30 AM
Smartphone Screen Protectors – What To Look For
September 21, 2016, 9:33 AM
Walmart may get "Robot Shopping Carts?"
September 17, 2016, 6:01 AM
Latest Blog Posts
Who is in Risk of Getting Oral Cancer?
Sep 23, 2016, 6:02 AM
France Bans Plastic Eating Utensils in Restaurants
Sep 18, 2016, 10:49 AM
Progress Against Acute Myeloid Leukemia
Sep 17, 2016, 5:30 AM
Apple Watch Series 2 - Number 1 in the Customer Satisfaction.
Sep 7, 2016, 6:19 PM
First Self-Driving Car debut on the streets of Singapore
Aug 28, 2016, 4:10 PM
More Blog Posts
Copyright 2016 DailyTech LLC. -
Terms, Conditions & Privacy Information