“The biggest wave of deals for mobile-phone assets in more than a decade may help Research In Motion Ltd. (RIMM)’s shareholders almost double their money in a sale,” Hugo Miller, Zachary Tracer and Danielle Kucera report for Bloomberg.
“Led by Google Inc. (GOOG)’s takeover of Motorola Mobility Holdings Inc. and Nortel Networks’ patent auction, acquisitions of wireless and telecommunications equipment makers may top $27 billion this year and approach the record in 1999, according to data compiled by Bloomberg,” Miller, Tracer and Kucera report. “After Google agreed this month to pay a dot-com era premium for Motorola and its patents, RIM, maker of the BlackBerry, may now be worth almost $25 billion, an estimate from Morgan Keegan & Co. showed.”
Miller, Tracer and Kucera report, “With Google gaining Motorola’s handset business, RIM may now attract interest from Samsung Electronics Co. and Microsoft Corp., Stewart Capital said.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Tablet Guy” for the heads up.]