Got to love the rumor mill around RIM. The latest comes from Reuters which has heard from a source that Amazon hired an investment bank this summer to review some merger with RIM but did not make an offer. These were supposedly informal discussions and it is not clear to Reuters if this ever lead to a “specific price talk.” Reuters has heard from other sources that RIM’s board does not want their Co-CEO’s distracted by acquisition talks like they have for the last few months and focus. The board wants the focus on “launching new phones, better use of assets such as BBM, and restructuring.”
That all makes total sense in my book. The board supposedly wants the co-CEO’s to set aside any options for a sale. Here is what Reuters source said:
"Selling the company or an economic joint venture is probably not in the cards right now," said the source. "Until you stabilize the platform, people are going to be very nervous about spending $10 billion or more."
Its an interesting read over at Reuters though informal talks of acquisitions really isn’t that surprising… Still its interesting.