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RIM considering to split its business in two, and maybe sell the handset division.
According to Reuters Rim after consulting JP Morgan and RBC Capital about its strategic options is considering to split the company in two separated business. One the handset division and two its messanging network.
However, RIM insist in executing its turnaround plan.
Speculation about potential buyers of the handset division might be Amazon or Facebook and maybe sell or open RIM`s messanging network to rivals like Apple and Google to generate income.
The original Reuters post below:
maker is considering splitting its business in two, separating its struggling handset manufacturing division from its messaging network, The Sunday Times reported.
, which last month hired JP Morgan and RBC Capital to look at its strategic options, could break off its handset division into a separate listed company or sell it, the British newspaper said without citing sources.
Potential buyers would include Facebook, it reported, adding that RIM's messaging network could also be sold, or opened up to rivals such as Apple andGoogle to generate income. and
An alternative option would be to keep the company together but sell a stake to a larger technology firm such as , the newspaper said.
RIM said in a statement that it continued to believe the best way to drive shareholder value was to execute its turnaround plan.
RIM virtually invented the concept of on-your-hip email with its first BlackBerry devices, but now finds itself struggling badly in the smartphone market.
Last year, it held numerous takeover discussions with potential buyers ranging from Amazon and Microsoft Corp to private equity firms, sources have previously told Reuters. But those talks never resulted in an M&A transaction under former co-chief executives Mike Lazaridis and Jim Balsillie.