Amazon thought about buying RIM?

If a new report from Reuters is correct, the troubled Blackberry maker Research in Motion received some interest from Amazon into acquiring RIM. The report, which cites unnamed sources, claims that in the summer of 2011, Amazon hired an unnamed investment bank to look into possibly acquiring RIM.

The report says that no formal buyout offer was ever submitted by Amazon to RIM. In the end, RIM's board of directors apparently told Amazon, as well as other unnamed companies, that they want RIM and its current co-CEO Mike Lazaridis and Jim Balsillie to stay independent and continue on their own track to release new smartphones and develop the upcoming Blackberry 10 mobile operating system.

While the acquisition talks may not be in the works, Amazon and RIM are in discussions to partner on other projects, according to the story. That includes possibly offering Blackberry users access to Amazon's online music service.

RIM has suffered from a series of setbacks in the past year including poor sales of its Blackberry Playbook tablet, its smartphones losing market share to phones from Apple and various Android-based devices, and delays for the launch of its next generation phones with the Blackbery 10 operating system to late 2012.  The company's CEOs announced last week they would each take only $1 a year in salary.

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I always like when CEO's cut their salaries like this. It shows that they care more for the company than just collecting a pay check... And honestly, that's how it should be. How do you run a company you don't care about?

M_Lyons10 said,
I always like when CEO's cut their salaries like this. It shows that they care more for the company than just collecting a pay check... And honestly, that's how it should be. How do you run a company you don't care about?

Base salary makes up only a fairly small portion of their overall salary, their pension contributions, job benefits and expenses and bonuses haven't changed. They're still being excessively paid to run RIM in to the ground. Executive pay should be high, but only if you do a good job.

thealexweb said,

Base salary makes up only a fairly small portion of their overall salary, their pension contributions, job benefits and expenses and bonuses haven't changed. They're still being excessively paid to run RIM in to the ground. Executive pay should be high, but only if you do a good job.

I agree.

Just wait, in a couple of years they will be like yahoo. We dont want to sell, we are blind that our brand is going down the toilet -> must sell to survive.