toggle

AAPL Stock: 123.38 ( + 0.61 )

Printed from http://www.macnn.com

RIM nears picking JPMorgan Chase as financial advisor

updated 03:15 pm EDT, Fri April 20, 2012

RIM just days away from picking JPMorgan: insider

Canadian smartphone maker RIM is closer to picking its financial advisor and JPMorgan Chase & Co is the leading candidate, Bloomberg reported on Friday. A source who wished to remain anonymous said the decision may arrive in a matter of days. The company is considering a licensing deal for its tech or a strategic investment, sources indicated, and has even talked with Bank of America.

Representatives from all companies didn't comment, calling the reports simple rumors at this point. The Canadian company would rather license its BlackBerry OS, said another source. It's also developing a new version of the OS, BlackBerry 10, with the first handset running on it due to be released later this year.

The licensing deal doesn't require a bank or financial partner, but it does take precedence over finding such a partner. The company doesn't plan to sell itself, the insider said.

Analysts disagree, however, stating that a banker is always hired in order to help with the sale of a company or its parts, and never for licensing negotiations.




by MacNN Staff

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

15-inch MacBook Pro with Force Touch

Apple's 15-inch Retina MacBook Pro continues to be a popular notebook with professional users and prosumers looking for the ultimate ...

Typo keyboard for iPad

Following numerous legal shenanigans between Typo -- a company founded in part by Ryan Seacrest -- and the clear object of his physica ...

Entry-level 27-inch Retina iMac

The 27-inch Apple iMac with 5K Retina display is already one of the best value-for-money Macs that Apple has ever released. It was som ...

toggle

Most Commented