RIM seeking financial advice: report
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TORONTO - A report out of New York says Research In Motion Ltd. (TSX:RIM) is seeking to hire a financial adviser to help the troubled BlackBerry-maker weigh its strategic options.
Bloomberg News quotes sources as saying a decision to work with at least one bank could come in the next few days.
Bloomberg reports one source as saying RIM doesn't plan to sell itself off.
The source told Bloomberg that the Waterloo, Ont.-based company is seeking an agreement to license its mobile phone software.
The sources told Bloomberg that RIM's willingness to seek help from external advisers suggests a new openness to a takeover or a strategic investment.
RIM shares have taken a beating on the stock market as the company lost market share to Apple's iPhone and devices using Google's Android operating system.