BlackBerry maker Research In Motion is considering splitting itself in two, separating its handset unit and its messaging business, according to a report.
The struggling RIM, which hired JP Morgan and RBC Capital last month to explore its strategic options, is considering breaking off the handset unit as a separate listed company and then possibly selling it, according to The Sunday Times, which did not cite sources. (Link unavailable.) Among the potential buyers cited in the article: Facebook and Amazon. Selling to Apple and Google is another possibility as is selling a stake to a larger firm like Microsoft.
Reps from RIM could not be reached for comment on the report.
The report comes as RIM’s fortunes have declined as Apple and Google edged it from a leader in the smartphone market to a distant-third competitor. In its last quarter, RIM’s revenues fell 19% and the company posted its first loss in seven years. RIM is expected to report its latest quarterly revenues on Thursday.
Author: / Posted: 25-06-2012