RIM's shares, which were worth more than $148 on the Nasdaq market just four months ago, now are trading around the $60 mark amid the U.S. financial crisis and margin pressures the company is experiencing because of expenses related to launching new smartphones.
Microsoft, meanwhile, is striving to remain competitive against Internet mammoth Google Inc, which has made recent forays into mobile phone technology, and against Apple Inc, the maker of the popular iPhone.
"RIM is a massive strategic fit" for Microsoft, said Canaccord Adams analyst Peter Misek. "I'm fairly certain they have a standing offer to buy them at $50 (a share)."
In that scenario, RIM would have to continue declining to at least $40, thus allowing an offer of $50 to stand as a premium bid. At current levels of $60 a share, RIM has a market value of about $34 billion. An offer of $50 a share would value the company at just over $28 billion. More details at Reuters.
Microsoft interested in acquiring RIM?
Posted on Friday, October 10 2008 @ 23:53 CEST by Thomas De Maesschalck