RIM Could Sell BlackBerry Business to Facebook or Amazon

There is no doubt that BlackBerry maker Research in Motion has been struggling significantly for the past several months, but the Waterloo, Ontario-based company might be considering selling off its BlackBerry hardware business to Facebook or Amazon in an effort to restructure and turn around the firm. A new report from Reuters, citing The Sunday Times, claims that RIM is putting its BlackBerry hardware business right on the table, with Facebook and Amazon listed as potential buyers.

On the contrary, the report adds that RIM might opt to sell a stake of its company to a larger firm such as Microsoft, allowing it to keep its BlackBerry hardware and business operations together. RIM, much like Nokia, has lost its position atop the mobile phone industry since Apple and Google emerged in the market with the iPhone and Android-powered smartphones respectively. RIM has been forced to carry out several rounds of layoffs, while longtime co-CEOs Mike Lazaridis and Jim Balsillie stepped down from their positions as recommended by the company’s Board of Directors.

[BGR]

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