August 17, 2011

#BlackBerry Maker #RIM Again Subject of Takeover Talk

But as #Google moves to buy #Motorola Mobility, RIM, already under pressure from diminished prospects and declining market share, is once again the subject of takeover talk.

Since the Motorola acquisition was announced on Monday, shares of RIM, which have suffered for much of the year, have shot up more than 10 percent, mainly on speculation of a sale.

“For a long while the market cap of RIM prevented any kind of takeover,” said Adam Leach, a London-based analyst with Ovum. “I’m certainly not writing them off now, but they have got a tough job.”

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