Amazon Almost Bought RIM

Do you recall that rumor that Amazon might buy webOS? It looks like there was a grain of truth in it; Amazon tried to by Research in Motion, makers of the Blackberry, this summer.  Reuters is reporting that RIM has turned down a number of offers over the past year, and one was from Amazon.

According to Reuters' sources, Amazon was serious enough about the merger that they asked an investment bank to investigate the possibility. But nothing came of it. It's not clear why it fell through, or how far it got, but it is clear that the sharks have been circling RIM this past year.

Amazon isn't the only one to take an interest in this faltering company. One shareholder, Jaguar Financial Corp, has called for a sale of RIM, which lends credence to the rumors that several parties have expressed interest, but all were turned down. According to anonymous sources,  the RIM board has chosen to back the co-CEOs of the company, who have decided to keep the company independent and try to solve its existing problems.

And problems it has. RIM has a shrinking market share, a failed tablet that will soon be put out of its misery, and a falling stock price. Do you know what they could use right now? A buyer. Seriously, I do not have much faith in the current management; that's who got the company into this mess.


About Nate Hoffelder (11474 Articles)
Nate Hoffelder is the founder and editor of The Digital Reader: "I've been into reading ebooks since forever, but I only got my first ereader in July 2007. Everything quickly spiraled out of control from there. Before I started this blog in January 2010 I covered ebooks, ebook readers, and digital publishing for about 2 years as a part of MobileRead Forums. It's a great community, and being a member is a joy. But I thought I could make something out of how I covered the news for MobileRead, so I started this blog."

1 Comment on Amazon Almost Bought RIM

  1. Amazon got lucky.

    Right now, RIM runs the number four phone OS…
    …in a three horse race. 🙁
    And they just announced that their next “latest and greatest” phone won’t arrive until late 2012.
    So what you see now is (pretty much) all they have to offer.

    Of note: this means Amazon is *really* looking to get into phones.
    (Which makes more sense than media tablets, when you think of it: phones are almost a purely connected-device so a company with deep cloud tech like Amazon has a lot to offer the market.)

    Time to dust off the April Fools Kindle Phone gag. It may not be a gag after all.

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