Microsoft, Nokia toyed with idea of joint bid for RIM: report

Two of the world's leading corporates and looked at the possibility of making a for embattled Research In Motion (RIM), says a media report.

Quoting people familiar with the matter, the Wall Street Journal has reported that in recent months, Microsoft and Nokia "flirted" with the idea of making a joint bid for RIM.

"The status of the talks remains unclear. But the fact that the discussions took place, even informally, underscores the severity of the challenges facing and the opportunity it presents to rivals," the publication said.

RIM has been grappling with tough times, especially dismal quarterly financial performance due to service outages in October. In recent weeks, investors have sought bold steps including management rejig to revive the fortunes of the Canadian entity.

According to the report, Co-Chief Executives Jim Balsillie and Mike Lazaridis last week acknowledged investor anger and said they would explore a wide range of operational shifts.

"So far, no bids have emerged, and Balsillie has indicated he wants to wait until the launch of RIM's new BlackBerry next year before deciding whether to engage seriously with potential buyers," the daily said quoting people familiar with the matter.

"It is far from certain that either Nokia or Microsoft would want to do a deal, given the complexities involved," the report noted.

As per the daily, senior executives from all three frequently meet to discuss ways to enhance their partnerships and talk about their industry.

"It is unclear how extensively RIM has been involved in any takeover discussions with Microsoft and Nokia," it added.

Spokespeople for Microsoft and Nokia declined to comment, while a RIM spokeswoman said the company doesn't comment on rumours and speculation.

Microsoft and RIM already have a partnership for cloud service initiative that allows corporate customers to move back-office infrastructure to off-site data centres.

Microsoft also has a partnership with Nokia that enables the latter to install Microsoft's mobile phone software on its devices.

image
Business Standard
177 22
Business Standard

Microsoft, Nokia toyed with idea of joint bid for RIM: report

Press Trust of India  |  New York 



Two of the world's leading corporates and looked at the possibility of making a for embattled Research In Motion (RIM), says a media report.

Quoting people familiar with the matter, the Wall Street Journal has reported that in recent months, Microsoft and Nokia "flirted" with the idea of making a joint bid for RIM.

"The status of the talks remains unclear. But the fact that the discussions took place, even informally, underscores the severity of the challenges facing and the opportunity it presents to rivals," the publication said.

RIM has been grappling with tough times, especially dismal quarterly financial performance due to service outages in October. In recent weeks, investors have sought bold steps including management rejig to revive the fortunes of the Canadian entity.

According to the report, Co-Chief Executives Jim Balsillie and Mike Lazaridis last week acknowledged investor anger and said they would explore a wide range of operational shifts.

"So far, no bids have emerged, and Balsillie has indicated he wants to wait until the launch of RIM's new BlackBerry next year before deciding whether to engage seriously with potential buyers," the daily said quoting people familiar with the matter.

"It is far from certain that either Nokia or Microsoft would want to do a deal, given the complexities involved," the report noted.

As per the daily, senior executives from all three frequently meet to discuss ways to enhance their partnerships and talk about their industry.

"It is unclear how extensively RIM has been involved in any takeover discussions with Microsoft and Nokia," it added.

Spokespeople for Microsoft and Nokia declined to comment, while a RIM spokeswoman said the company doesn't comment on rumours and speculation.

Microsoft and RIM already have a partnership for cloud service initiative that allows corporate customers to move back-office infrastructure to off-site data centres.

Microsoft also has a partnership with Nokia that enables the latter to install Microsoft's mobile phone software on its devices.

RECOMMENDED FOR YOU

Microsoft, Nokia toyed with idea of joint bid for RIM: report

Two of the world's leading corporates Microsoft and Nokia looked at the possibility of making a joint bid for embattled BlackBerry maker Research In Motion (RIM), says a media report.

Two of the world's leading corporates and looked at the possibility of making a for embattled Research In Motion (RIM), says a media report.

Quoting people familiar with the matter, the Wall Street Journal has reported that in recent months, Microsoft and Nokia "flirted" with the idea of making a joint bid for RIM.

"The status of the talks remains unclear. But the fact that the discussions took place, even informally, underscores the severity of the challenges facing and the opportunity it presents to rivals," the publication said.

RIM has been grappling with tough times, especially dismal quarterly financial performance due to service outages in October. In recent weeks, investors have sought bold steps including management rejig to revive the fortunes of the Canadian entity.

According to the report, Co-Chief Executives Jim Balsillie and Mike Lazaridis last week acknowledged investor anger and said they would explore a wide range of operational shifts.

"So far, no bids have emerged, and Balsillie has indicated he wants to wait until the launch of RIM's new BlackBerry next year before deciding whether to engage seriously with potential buyers," the daily said quoting people familiar with the matter.

"It is far from certain that either Nokia or Microsoft would want to do a deal, given the complexities involved," the report noted.

As per the daily, senior executives from all three frequently meet to discuss ways to enhance their partnerships and talk about their industry.

"It is unclear how extensively RIM has been involved in any takeover discussions with Microsoft and Nokia," it added.

Spokespeople for Microsoft and Nokia declined to comment, while a RIM spokeswoman said the company doesn't comment on rumours and speculation.

Microsoft and RIM already have a partnership for cloud service initiative that allows corporate customers to move back-office infrastructure to off-site data centres.

Microsoft also has a partnership with Nokia that enables the latter to install Microsoft's mobile phone software on its devices.

image
Business Standard
177 22
Widgets Magazine

More News

  • Signs of realty revival ahead of festive season Signs of realty revival ahead of festive season
  • Amit Chandra Bain Capital's Amit Chandra joins Tata Sons board
Widgets Magazine

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard