RIM to split, sell mobile divison: report

By Allie Coyne on Jun 25, 2012 10:42 AM
Filed under Mobility

Plans leaked.

RIM is considering splitting the company in two and potentially selling its struggling mobile business to concentrate on its messaging network.

Also being considered are plans to spin-off the handset division into a separately listed company, according to a report in The Sunday Times (paywalled, via The Verge).

The plans arose from a strategic review RIM has been conducting with RBC and JP Morgan since earlier this year to investigate the viability of the mobile division.

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The Times named Amazon and Facebook as potential suitors.

RIM declined to comment on the rumours, which follow the company's announcement last month that it would slash 11 percent, or up to 6000 jobs, from its global workforce.

The redundancies were in response to RIM's massive $US2.2 billion ($A2.1 billion) drop in net profit for its 2012 financial year.

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