In the last couple of years, there have been many rumours about RIM. That's probably due to the fact that Canada's most visible tech company has been in a state of constant turmoil - because of executive changes, hairy flights and lost market share to name a few - in years past.
Well, the latest rumour may not be the big one - a total buyout - that people have been waiting for. But it does have to do with an influx of cash from what might be seen as a major competitor, Microsoft.
This is coming from Benzinga who’s hearing “Renewed Chatter” on Wall St. that Ballmer and Co. are apparently prepared to inject $3.5 billion into RIM.
, the site that covers the stock market and Wall Street closely.
Besides that snippet
, however, details are scarce. No word about what the money would be for, what Microsoft would get out of the deal - a stab in the dark might be for access to BBM - or how it would tie the two companies together. It's just a rumour, for now.
But it's also not so crazy when you think about the financial straights RIM finds itself in. Without a big boost in sales and PR, things don't look too hot in Waterloo.