News is starting to trickle out that several tech heavyweights, including Amazon, made takeover bids for RIMM sometime in the last 6 months, only to be turned down by RIMM’s top brass - choosing instead to fix the company’s problems internally. The news came from a Chicago Tribune article claiming:
RIM’s board wants co-chief executives Mike Lazaridis and Jim Balsillie to focus on trying to turn around the business through the launch of new phones, better use of assets such as BlackBerry Messaging and restructuring, two sources said. They did not want to be identified as the discussions are private. RIM and Amazon declined to comment.
With the continuing collapse of RIMM’s stock, shareholders will not be happy with corporate’s decision to not sell – placing the company into further chaos.
Source: Chicago Tribune