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Research In Motion (RIMM) is acquiring NewBay, a provider of "white label" content tools for...

Research In Motion (RIMM) is acquiring NewBay, a provider of "white label" content tools for wireless carriers, for a reported price of $100M. The deal could give a needed boost to RIM's services offerings relative to AAPL, GOOG, and MSFT, and strengthen its ties with carriers, some of whom are remaining loyal to RIM out of a desire for a "third ecosystem." (earlier)
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Comments (4)
  • mkang
    , contributor
    Comments (5) | Send Message
     
    WOW!!! this moves certainly exudes the management's confidence despite the market lashings.
    7 Oct 2011, 02:38 PM Reply Like
  • brewer
    , contributor
    Comments (2986) | Send Message
     
    Desperation, more like it, and not just RIM but the carriers as well.
    8 Oct 2011, 10:56 PM Reply Like
  • ebworthen
    , contributor
    Comments (2811) | Send Message
     
    RIM is a floundering fish with milky eyes.
    7 Oct 2011, 02:47 PM Reply Like
  • Financial Insights
    , contributor
    Comments (958) | Send Message
     
    So much for merger and acquisition. Those November $24 puts are looking great.
    8 Oct 2011, 05:57 PM Reply Like
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