Friday, June 24, 2022

Report: RIM looks to sell NewBay, other assets

Rumours about Research in Motion Ltd. are once again flying around. Reuters has cited an unnamed source “familiar with the matter” who claims RIM is about to sell off NewBay, a  company it acquired last October that provides cloud-based content delivery services (including, especially significantly for RIM, messaging).

Rumours aren’t always bad for business, though. When the prospect of IBM Corp. buying out the Waterloo, Ont.-based company was raised, RIM’s stock prices jumped a bit.

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Jim Love, Chief Content Officer, IT World Canada

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