AfterDawn: Tech news

Microsoft, Amazon and Nokia considered buying RIM

Written by Andre Yoskowitz (Google+) @ 21 Dec 2011 13:39

Microsoft, Amazon and Nokia considered buying RIM Multiple sources today are reporting that Amazon, Microsoft and Nokia all considered purchasing struggling BlackBerry smartphone maker RIM before backing out.
Amazon was allegedly having casual talks with the Canadian company over the summer, but never formally bid. Supposedly, Microsoft and Nokia mulled over a joint offer, but never formally bid, either.

The company has struggled for years now as Android and iOS take its U.S. market share. The once hallowed smartphone maker has fallen from over 45 percent U.S. smartphone share, to 9.5 percent this year. The trend is expected to continue down into the foreseeable future, especially as Nokia and Microsoft push their Windows Phone platform.

Recently, RIM delayed their BlackBerry 10-based phones until the end of 2012, effectively killing any momentum they hoped to gain from the recent launch of their BlackBerry 7 devices. The company noted that they were delaying the launch of the BlackBerry 10 devices as they wait for the production of dual-core chips with LTE support. RIM had initially planned to release the phones in February-April and had decent hype.

RIM's stock has fallen 91 percent since its peak in 2008.

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