While we all are out and about rushing to pick up last-minute Christmas gifts it seems that a few big name company maybe shopping in the RIM department. Amazon has been rumored to be allegedly interested in the purchasing of RIM since the summer of this year. Hit the jump for all details. Amazon, online shopping provider, hired an investment bank to review a potential merger with RIM, but no formal offer was presented. RIM has turned down Amazon and other buyers because they “prefer to fix its problems on its own”. NO price points were given on the deal.“They [RIM] have had approaches from folks who have wanted to have discussions,” one head of technology investment banking stated at a Wall Street bank. “The issue is it is hard to find a value that makes sense with a falling knife.” So far, RIM’s market value has significantly dropped 77% in the last year, leaving RIM valued at about $6.8 Billion. RIM’s most recent plunge was caused due to the delay in the release of BlackBerry 10 phones.
What do you think of a possible buyout of RIM?