“RIM began a review of its strategic options last year after losing market share to smartphones such as Apple Inc.’’s iPhone and Samsung Electronics Co.’s Galaxy, raising speculation that it could be a takeover target,” Hays and Lococo report. “Beijing-based Lenovo, which bought International Business Machines Corp.’s PC unit in 2005, is considering acquisitions and adding new products as competition from tablets hampers profit growth.”
Hays and Lococo report, “The PC maker has a team working on possible acquisitions, Wong said. Lenovo has spoken to RIM and its bankers about various combinations or strategic ventures, he said… Acquiring RIM would require approval from Canadian and U.S. regulators because of the size of the transaction and the fact that the company operates secure mobile networks for government agencies. Canadian Industry Minister Christian Paradis said this week that he would prefer RIM to grow ‘organically.’”
Read more in the full article here.
MacDailyNews Take: The only thing beleaguered RIM is going to do “organically” is decompose.