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Senior Canadian Minister Closely Tracked Possible RIM Takeover Bid

by Todd Haselton | August 17, 2012August 17, 2012 10:00 am PST

RIM - Stock Earnings 2012

Rumors are still rampant that RIM could be acquired by another company, which wouldn’t necessarily be good news for Canada… especially Waterloo, where the company is based and is the largest employer of the city’s residents. As such, a senior Canadian minister reportedly spoke with Research In Motion on the phone in March to prepare for a possible takeover bid. The government was well aware that the company’s tanking share price could result in another firm swooping in and acquiring all, or part, of the BlackBerry maker, and was “closely tracking” the potential move, Reuters said.

The government didn’t have any bias against a bid, Reuters explained, or at least didn’t show it in the documents the news outlet obtained. “I imagine proposed investments on a case-by-case basis and make my decisions based on the facts and merits of each proposed investment,” Minister Christian Paradis said in a call to RIM CEO Thorsten Heins. Heins, for his part, didn’t say whether or not an acquisition was in the works or under way.

The company recently said it was delaying its heavily anticipated BlackBerry 10 operating system until the first quarter of next year. It has been urged to partner with Microsoft in order to swing the declining faith that RIM has the chops to turn itself around. The latest rumors suggest that IBM is interested in acquiring RIM’s enterprise service unit, and Heins has said BlackBerry 10 is also almost “ready for licensing.”

Unfortunately, it’s unclear if anyone will actually be interested in licensing the platform. Samsung has already expressed its disinterest, for example.

[via Reuters]


Todd Haselton

Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...

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