Microsoft and Nokia were in talks to jointly bid on RIM

Wall Street Journal today reported that Microsoft and Nokia were going to make a joint bid on BlackBerry makers RIM.


According to WSJ, Nokia and Microsoft were both flirting with RIM. Now this time last year, Nokia were in discussions with all three already but for a different sort of partnership. We all know what happened there. This time, Nokia and MS were supposedly going to make a joint bid for RIM says ‘people familiar with the matter’. 


RIM’s stock is diving down everyday and its currently worth $7 billion which is less than their net assets worth $15 billion and Investors and analyst have clamored for bold action—including calls for a management shake-up or a sale of the company.


Source: WSJ