Click to Skip Ad
Closing in...

Is Microsoft looking to buy RIM?

Updated 4 years ago

Is Microsoft looking to buy RIM? According to the latest buzz on Wall Street, the answer is possibly, but only if RIMs shares hit the $40 mark. With RIMs shares hovering around the $60 mark, Microsoft is rumored to be looking for RIM to tumble further before taking action. Said Canaccord Adams analyst Peter Misek, “RIM is a massive strategic fit for Microsoft. I’m fairly certain they have a standing offer to buy them at $50 [a share].” Granted this does sound a bit far fetched, but considering that the market cap of RIM is approximately $34 billion at $60 a share and would equal $28 billion at $50 per share, the move makes sense. But how would Microsoft afford such an expensive purchase? With cash and stock options, something which Microsoft has $23.6 billion to spare. If you were Balmer & Co., would you pursue the purchase of RIM?