Printed from http://www.electronista.com

Leak: RIM shot down Amazon buyout talks

updated 06:25 pm EST, Tue December 20, 2011

RIM refused outside help from Amazon

RIM rejected an attempt from Amazon to buy it out this summer, leaks uncovered on Tuesday. Amazon had brought on an investment bank to explore the financials of a possible acquisition of the BlackBerry designer, Reuters heard, but was turned down. RIM executives instead wanted to solve the company's own problems and also thought that the company's poor recent performance might spook possible buyers.

"Until you stabilize the platform, people are going to be very nervous about spending $10 billion or more," a contact said.

HTC and Samsung may considered the possibility but rejected any possibilities outright. The two depend primarily on Android for their smartphone business and were said to not see any value in picking what for them would be a third or fourth platform.

RIM also purportedly believed that it would be in a better position to take advantage of its push e-mail and BlackBerry Messenger technology than an outsider. The Waterloo, Ontario company may now even consider some of the outside talk as a nuisance and may have shut out investment and private equity groups that were "distracting," one contact described.

Takeover talk hasn't stopped, but current discussions are thought to center on companies hoping that RIM sinks further so they can buy it at a cheaper price.

Talk of an Amazon deal wouldn't necessarily be out of the question. Amazon is already using some of the base components of the BlackBerry PlayBook in the Kindle Fire and shares the same factory. While Amazon would have little use for BlackBerry 7, it might also see BlackBerry Tablet OS and the eventual BlackBerry 10 as ways to get an in-house OS that Microsoft can't demand a license for, as with Android.

Amazon's home focus would have likely marked the gradual end of the BlackBerry phone, since it likely wouldn't want to support RIM's enterprise customers. It may, however, have accelerated tablet plans by dropping the need for BlackBerry push mail and other features it wouldn't need.





By Electronista Staff
toggle

Comments

  1. The Vicar

    Junior Member

    Joined: Jul 2009

    +2

    Half and half

    On the one hand, I'm leery of calling any company "beleaguered" because their management does things which look like boneheaded mistakes from the perspective of conventional wisdom; conventional economic wisdom is so frequently wrong, after all. But really and truly, RIM's management seems to have a grudge against their stockholders.

  1. bleee

    Mac Enthusiast

    Joined: Mar 2002

    +2

    Stupid move

    They should have at least partnered with Amazon for content sales... or movie rentals

  1. davesmall

    Fresh-Faced Recruit

    Joined: Oct 2006

    +2

    Death Wish

    RIM was atop the smart phone world for a long time. They became complacent and over confident. Apple just blew them away.

    RIM is to Apple and Android as Carthage was to Rome.

  1. Paul Huang

    Mac Enthusiast

    Joined: Sep 1999

    +1

    RIMM missed a golden opportunity

    And Amazon.com avoided a train wreck.

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Sound Blaster Roar Bluetooth speaker

There could very well be a new king of the hill for Bluetooth speakers, with Sound Blaster's recent entry into the marketplace. Bringi ...

Kenu Airframe Plus

Simple, stylish and effective, the Kenu Airframe + portable car mount is the latest addition to Kenu's lineup. Released earlier this y ...

Plantronics Rig Surround 7.1 headset

Trying to capture the true soundscape of video games can be a daunting task. Looking to surround-sound home theater options, users hav ...

Sponsor

toggle

Most Commented

 
toggle

Popular News