BUSINESS

IBM To Buy RIM Assets? BlackBerry Maker's Stock Soars On Speculation

08/10/2012 12:35 EDT
AP
FILE - This Jan. 13, 2011 photo provided by IBM shows the computer system known as Watson at IBM's research center in Yorktown Heights, N.Y. The medical training of IBM's speedy Watson computer will continue with a residency at Memorial Sloan-Kettering to help doctors diagnose and treat cancer. (AP Photo/IBM, File)

TORONTO -- Stock in Research in Motion was up five per cent following a report that IBM is interested in some of the company's assets.

According to the Bloomberg news agency, the U.S. technology giant made an informal approach about the possibility of acquiring RIM's enterprise division, which operates a network of secure servers used to support its BlackBerry devices.

However, the report indicated nothing had come of the approach and that no talks between the two companies were underway.

When asked about the story, RIM said it does not comment on rumours and speculation.

Meanwhile, the Waterloo, Ont.,-based company received good news on the legal front Wednesday when a U.S. judge overturned a $147.2-million patent infringement verdict in favour of Mformation Technoligies Inc. The case involved software for managing mobile devices.

On the Toronto Stock Exchange, RIM shares were up 38 cents at $8.10.

Also on HuffPost

Research In Motion's Rough Year