Research in Motion might have hired Goldman Sachs for a possible sale

Online sources are indicating that RIM has hired the services of Goldman Sachs to look for a possible buyer.

The rumors alone helped boosting the company’s stock price by around 5%.

Research in Motion might have hired Goldman Sachs for a possible sale

We have been hearing reports of RIM looking to sell the company to the highest bidder for a long time now.

However, no such deal has taken place until now. And things are looking worse than ever before for RIM.

Blackberry is losing market share to both Apple iOS and Google Android devices. Windows Phone has emerged as the third solid competitor.

RIM is scheduled to launch their latest mobile platform Blackberry 10 that could turn things around but it could be too late for them.

Industry analysts believe that the company would sell their handset operations to a bigger player. And they would focus on generating revenues through patent licensing to current rivals. They are also likely to retain their Blackberry services portfolio that could be offered on multiple platforms in the future.

Leave a Reply