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RIM Turns Down Amazon Merger Advancements: Sources

The Globe and Mail NADIA DAMOUNI Posted: 12/20/11 09:22 PM ETUpdated: 12/20/11 09:22 PM ET

Blackberry
Research In Motion Ltd. has turned down takeover overtures from Amazon.com Inc. (AP)
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The Globe and Mail:

Research In Motion Ltd. (RIM-T12.90-0.47-3.52%) has turned down takeover overtures from Amazon.com Inc. (AMZN-Q182.523.191.78%) and other potential buyers because the BlackBerry maker prefers to fix its problems on its own, according to people with knowledge of the situation.

Read the whole story: The Globe and Mail

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Filed by Jacqueline Delange  | 

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HUFFPOST SUPER USER
Transitteer
and another thing . . .
85 Fans
 
02:48 AM on 12/21/2011
Having my doubts about whether Blackberry can fix it's own problems. It looks to me to be more and more like Palm Pilot (remember them?). Should've taken the deal . . . . . .
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parrotfish
175 Fans
11:25 PM on 12/20/2011
Maybe the best deal they were going to see for awhile. Maybe it came with too may strings attached like the co-honchos and the other executives who are leading this ship aground having to go and they are not in the business of firing themselves as their egos won't allow it.
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Charles the Great
Canadian/ Israeli in Alert, Nunavut.
27 Fans
11:02 PM on 12/20/2011
Wow! Amazon could have turn RIM around their lost RIM is going to be broke in a year anyway
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Russg
68 Fans
12:21 AM on 12/21/2011
In a year, Amazon may come back - this time, offering far less. And they succeed then where they have failed now.

If, that is, they are still interested.
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calilregit
17 Fans
10:07 PM on 12/20/2011
I own RIMM stock. This speaks volumes about the integrity of corporate governance.

Just sad.
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Charles the Great
Canadian/ Israeli in Alert, Nunavut.
27 Fans
11:02 PM on 12/20/2011
Sell it then I have RIM has no future
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piceaglauca
The picture says it all....
145 Fans
 
11:19 PM on 12/20/2011
Hang on to it and go the way of Nortel.
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