IBM looks to buy slice of RIM
IBM is considering buying a slice of Research In Motion, showing an interest in the BlackBerry maker’s enterprise division.
According to a report from Bloomberg, which cited sources close to the deal, IBM made an informal approach about acquiring the division that runs the servers that power RIM’s network.
RIM is understood to want to wait until after the launch of its BlackBerry 10 phones next year before making any decision on a possible partial buyout, but the company has been the subject of acquisition speculation, with Microsoft also previously linked to a deal.
The company has lost significant ground in the smartphone market, overtaken by Apple and Android handsets and CEO Thorsten Heins is trying to turn the company around after a major boardroom shake-up.
The Canadian company in May hired JP Morgan to conduct a review of its business after falling sales and tumbling share prices worried investors.
Neither party has commented on the report and no financial terms have been revealed.