Amazon was allegedly interested in purchasing RIM over the summer of 2011. Amazon hired an investment bank to review a potential merger with RIM, but it did not make a formal offer. RIM apparently turned down Amazon and other potential buyers because they “prefer to fix its problems on its own”. It isn’t clear whether informal discussions between Amazon and RIM ever led to specific price talk.

“They [RIM] have had approaches from folks who have wanted to have discussions,” said one head of technology investment banking 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.

ADVERTISEMENT

With RIM’s stock now around the $12/share mark and its market value below book value, do you think RIM should take interest to a buy out?

via Reuters