We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
 
74,953 News Articles

Analyst: Microsoft to buy BlackBerry

Smartphone company "massive strategic fit for Microsoft"

Microsoft may have its eye on Research in Motion (RIM), makers of the BlackBerry range of handsets, says one analyst.

According to Canaccord Adams analyst Peter Misek, RIM's shares have plummted in recent months and a slow in spending thanks to the credit crunch, could leave the company wide open to a takeover bid.

Misek told Reuters: "RIM is a massive strategic fit [for Microsoft]. I'm fairly certain they have a standing offer to buy them at $50 [a share]"

"If you did a stock and cash deal, you wouldn't need to tap the credit markets. The people I've talked to who deal with institutional investors every day say they would look at this as a gift," Mark McQueen, chief executive of Wellington Financial LP told Reuters.

"In this particular climate, you have to part with your loved ones sometimes."

BlackBerry Bold review

See also: BlackBerry Storm has world's first 'clickable' screen

Visit Mobile Advisor for the latest mobile phone news, reviews, tips & tricks, as well as PC Advisor's unique Apple iPhone 3G Spotlight


IDG UK Sites

LG G Watch release date, price and specs: Hands-on and pictures

IDG UK Sites

Apple financial results: iPhones, iPads & Macs sales for Apple's Q2 2014, plus shares to split

IDG UK Sites

Twitter - not news

IDG UK Sites

See Moo Studios' new animated advert for Blue Moon beer