In the last couple of years, there have been many rumours about RIM. That's probably due to the fact that Canada's most visible tech company has been in a state of constant turmoil – because of executive changes, hairy flights and lost market share to name a few – in years past.
Well, the latest rumour may not be the big one – a total buyout – that people have been waiting for. But it does have to do with an influx of cash from what might be seen as a major competitor, Microsoft.
This is coming from Benzinga who’s hearing “Renewed Chatter” on Wall St. that Ballmer and Co. are apparently prepared to inject $3.5 billion into RIM.
That's Benzinga, the site that covers the stock market and Wall Street closely.
Besides that snippet, however, details are scarce. No word about what the money would be for, what Microsoft would get out of the deal – a stab in the dark might be for access to BBM – or how it would tie the two companies together. It's just a rumour, for now.
But it's also not so crazy when you think about the financial straights RIM finds itself in. Without a big boost in sales and PR, things don't look too hot in Waterloo.
JD
Original aritcle: Microsoft rumoured to be investing $3.5 billion in Research In Motion (Mobile Syrup)