Reuters: Technology News: RIM considers splitting business in two: paper

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RIM considers splitting business in two: paper Jun 25th 2012, 01:16 Tweet Share this Email Print Related News RIM considers splitting business in two: paper 10:27am EDT Microsoft tackles iPad with Surface tablet Tue, Jun 19 2012 Celestica to stop making products for RIM Mon, Jun 18 2012 RIM shares drop after minor board shuffle Thu, Jun 14 2012 RIM shares drop again; technicals weak Mon, Jun 4 2012 Analysis & Opinion Microsoft tablet suffers from lack of greatness What happens to Tribune after bankruptcy? A sign of Research in Motion (RIM) is seen at its headquarters in Waterloo, Ontario, January 22, 2012. Credit: Reuters/Geoff Robins LONDON | Sun Jun 24, 2012 9:16pm EDT LONDON (Reuters) - BlackBerry maker Research in Motion is considering splitting its business in two, separating its struggling handset manufacturing division from its messaging network, The Sunday Times reported. RIM, 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 Amazon and Facebook, it reported, adding that RIM's messaging network could also be sold, or opened up to rivals such as Apple and Google to generate income. An alternative option would be to keep the company together but sell a stake to a larger technology firm such as Microsoft, 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. (Reporting by Kylie MacLellan; Additional reporting by Alastair Sharp in Toronto; Editing by Catherine Evans and Edwina Gibbs) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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