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BlackBerry-maker RIM may split business: Report

Posted on: June 24, 2012


BlackBerry-maker RIM may split business: Report
BlackBerry maker Research in Motion (RIM) is considering splitting its business into two
LONDON: BlackBerry maker Research in Motion (RIM) is considering splitting its business into two, separating its struggling handset manufacturing division from its messaging network, The Sunday Times reported.

RIM, which last month said it had hired JP Morgan and RBC Capital to look at its strategic options, could break off its handset division into a separate listed company or sell it, the British newspaper reported without citing sources.

Potential buyers would include Amazon and Facebook , it reported, adding that RIM’s messaging network could also be sold, or opened up to rivals such as Apple and Google to generate income.

An alternative option would be to keep the company together but sell a stake to a larger technology firm such as Microsoft, the newspaper reported.

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