Research In Motion refused the offer from Amazon.com for a financial ‘help’ – Part 2

Maybe they have some eggs left in the basket but the way HTC and Apple are moving ahead in the mobile communications business and the way Samsung is giving the Americans and Taiwanese a hard time, it is unlikely RIM will be able to retain its customer base,
US President being one of them, in the coming months.

More shocking is the fact that the online book sellers, Amazon have made the offer. The company included a bank in the negotiations in the summers but there is still no conclusive evidence that RIM has agreed to handover the company to Amazon or join hands
in a strategic partnership.

This shows that mobile technology is in Jeff Bezos’ grand schema and he is quite serious about taking the notion from just a tablet to smartphones.

In more news, major banks and other financial institutions have also approached RIM for a possible help but they also received the same response.

RIM seems to have ignored past examples of major technology companies, who were in the thick of situations like this but refused to agree to offers and decided to live through the miseries of their own. Yahoo was approached by Microsoft for in a buy-out
deal but the Japanese being Japanese refused.

Take-two towed the same line when Electronic Arts (EA) approached them with a complete acquisition plan.

Either both CEOs Lazaridis and Balsillie have something up their sleeve to surprise everyone in 2012 or they seem to ignore the past examples deliberately.

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Posted by Usman Khalid on Dec 21 2011. Filed under Business. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry