RIM could face Microsoft take-over threat

Share plunge leaves it open to hostile bids


10 October 2008 14:09 GMT / By Amy-Mae Elliott

Reuters reports that recent drop in the market value of BlackBerry maker RIM could leave the company open to a hostile take-over.

The plunge in RIM's shares, which were worth more than $148 on the Nasdaq market just 4 months ago, now are trading around the $60 mark, meaning a well-capitalised buyer like Microsoft could make an offer for the Canadian company.

"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)."

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Biz, Acquisitions, RIM, Microsoft, Rumours

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