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Is Microsoft finally close to snatching up RIM?

Darren Murph
10.10.08
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Funny story -- we pretty much heard this exact same rumor floating around last August, but given the current economic situation, we're inclined to believe this one a good bit more. A recent Reuters report is pointing out that RIM (like practically every other company right about now) is ripe for the picking, and any outfit with a serious load of cash reserves could get themselves quite a bargain. Given that the Redmond mega-corp has shown interest before (and clearly has plenty of Greenbacks), we were particularly interested in Canaccord Adams analyst Peter Misek's quote: "I'm fairly certain [Microsoft] has a standing offer to buy [RIM] at $50 a share." If you'll recall, RIM's stock sat at $148 per share just four months ago, and now, it's hovering around $60. As expected, Microsoft had no comment on the report, but don't be surprised to see something go down if Wall Street keeps hemorrhaging.

[Via Electronista]

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