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Could Microsoft be interested in purchasing RIM?

Could Microsoft be interested in purchasing RIM?
The problems on Wall Street could play a role in the cellular phone market. According to Reuters, the recent drop in Research In Motion's shares could place the company in a vulnerable position to be purchased by Microsoft. RIM, worth more than $148 per share on Nasdaq just a few months ago, is trading around the $60 mark, primarily due to the US financial woes and expenses relating to the release of new smartphones.

"RIM is a massive strategic fit" for Microsoft, said Canaccord Adamsanalyst Peter Misek. "I'm fairly certain they have a standing offer tobuy them at $50 (a share)." Microsoft, looking to diversify amid competition by Google and Apple, will have to wait until the stock price drops to approximately $40 per share before RIM considers the deal as a "premium bid."

Microsoft, of course, had no comment.

Source: Reuters via BGR

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