RIM May Be Hiring Bankers to Explore Options
Research In Motion is seeking out banking firms in the search for guidance on its options moving forward, according to three sources cited by Bloomberg. Bloomberg's sources indicate that the company is weighing a bank in Canada, as well as a bank with a global presence. The company, which announced several strategic changes during its March 29 earnings report, is said to be looking at ways to turn itself around. Bloomberg's sources suggest that the company is considering how to best leverage its BlackBerry Messaging platform, as well as licensing its patent portfolio. Microsoft and Samsung are said to be interested in these options, says Bloomberg. RIM declined to comment om Bloomberg's story.
Sprint May Scoop Up Half of RadioShack's Stores
RadioShack and its creditors might sell half the company's stores to Sprint and close the remaining locations, reports Bloomberg. Sources familiar with the companies' plans suggest Sprint would rebrand the RadioShack stores, which would cease to exist as stand-alone electronics stores.
Sprint Uninterested In the Uncarrier, Will Abandon Merger
Sprint plans to end its pursuit of T-Mobile. The company and its owner SoftBank have been weighing the idea for nearly a year.
FTC Pondering Antitrust Query Into Google's Android
Google may be facing an investigation into its business practices concerning the Android operating system, reports Bloomberg. The U.S.
Kik Exploring Financial Partnership or Outright Sale
Kik Interactive, the company behind the Kik messaging service, is exploring strategic options including a sale or investment. Kik has hired Qatalyst Partners to help it set up face time with investors in Silicon Valley and Asia, according to Bloomberg.
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