Reuters: A RIM Buyout? A "Perfect Fit" for Microsoft at $50
A longish article from Reuters today speculates on whether Research in Motion (RIMM) could be bought out, now that its share price has received a 50 percent haircut in the last month, to $59.03, and its market capitalization has fizzled to a mere $33.4 billion. Noting Microsoft’s (MSFT) struggles against Google (GOOG) on one front in the cellphone wars and Apple (AAPL) on the other, Reuters quotes Canaccord Adams analyst Peter Misek–who yesterday raised his rating on the stock to “Buy” from “Hold”–as saying “RIM is a massive strategic fit” for Microsoft, adding, “I’m fairly certain they have a standing offer to buy them at $50 (a share).”
