11:07 am - Saturday 29 April 2017

RIM considers splitting business, Facebook, Amazon labelled as potential buyers: Report

By insightVAS - Mon Jun 25, 12:21 pm

Research In Motion (RIM), the maker of BlackBerry may split its business in two, separating its down slopping handset manufacturing division from its messaging network, reports The Sunday Times.

RIM recently hired J.P. Morgan and RBC Capital to advise it on its business and financial performance. The company also referred to looking at “strategic business-model alternatives,” often corporate-speak for the exploration of a potential sale.

Without citing any sources, the British newspaper mentioned Facebook and Amazon as potential buyers.

RIM’s messaging network could also be sold, or opened up to rivals such as Apple and Google to generate income.

RIM said in a statement that it continued to believe the best way to drive shareholder value was to execute its turnaround plan.

RIM virtually invented the concept of on-your-hip email with its first BlackBerry devices, but now finds itself struggling badly in the rising competition of smartphone market.

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