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Rumor: RIM Tried To Buy Palm & “Worked Hard To Blow It”

Huh? Now here is an interesting piece of information coming from the San Francisco Chronicle. They have learned from a “source familiar with the negotiations” that RIM along with Apple, Nokia, & Google were seriously considering to buy Palm. HP eventually won the deal for $1.2 billion but supposedly RIM "had to work incredibly hard to blow it."

According to this same source RIM almost had the deal and put in a bid higher than HP but then HP raised its bid and RIM somehow screwed up the deal. They also looked into the proxy information for the sale and their assumption is that RIM’s bid was “Company C.” Their bid first tried to acquire patent rights from Palm but then tried buying all of Palm. They started at $6-7 per share offer but lowered it to $5.50 afterwards.

I am kind of glad that RIM failed to buy Palm if this source is correct. On the other hand RIM can really learn a thing or two from Palm about hanging on to a legacy OS until you reach the point where even a total overhaul cannot save you.

4 total comments on this postSubmit your comment!
  1. I don’t really see where this would have gotten RIM, Apple, or Google… Unless it’s just one of those things where you try to get some IP for fairly cheap, just to have it (aka so someone else doesn’t).

  2. I disagree. IMHO RIM could have greatly benefitted from acquiring Palm. They could have integrated the best elements of the webOS into the Blackberry OS especially in the Storm series of touch screen devices.

    However I agree that RIM can learn a great deal Palm about hanging on to a legacy OS for too long.

    I just started trying out a Motorola Droid X on Verizon yesterday and after experiencing the speed of the Droid X (and the HTC Droid Incredible) with their 1GHz processors, it’s going to be hard to switch back to my Storm2 which has so much lag. RIM really needs to get their act together quickly or people in the consumer market won’t care about their products anymore.

  3. Integrating webOs or even some of webOs’s components with their blatant lack of any kind of security for anything in the entire OS with RIM’s backend is not necessarily any easier than creating from scratch…

  4. Yeah the only real thing I could see RIM looking for is more patents or their portfolio and more talent. Knowing RIM they would never agree to the lack of security in WebOS…

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