RIM looks to offload NewBay in bid for cash

From CNET News.com: Research In Motion is trying to find suitors for a cloud-services provider it bought back in October, according to a report.

According to Reuters, citing sources, RIM is trying to find buyers that would take NewBay off of its hands. NewBay, which RIM acquired back in October for a reported $100 million, offers cloud services to operators and device makers trying to deliver multimedia to handsets, PCs, tablets, and televisions. Reuters' sources didn't say how much RIM might be trying to fetch in a sale.

RIM's reported NewBay move is just the latest rumor to fly about its plans for future. Last week, Jefferies analyst Peter Misek told investors in a note that he believes "RIM is attempting to revive discussions with Samsung" about licensing BlackBerry 10, its upcoming mobile operating system, to the handset maker.

Just a couple of days later, IBM was said to be considering making a move to acquire RIM's enterprise-services unit, which includes the network that powers BlackBerry e-mail, among other software.

The NewBay acquisition was designed to play an integral role in RIM's plans last year to boost service revenue, Reuters is reporting. However, with CEO Thorsten Heins now in charge, it appears any move is on the table for RIM.

View: Article @ Source Site