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Certicom and RIM Butting Legal Heads over Acquisition

By: , IntoMobile
Monday, December 22nd, 2008 at 8:16 AM

Not one to welcome RIM with open arms like others, security firm Certicom is following up on tough talk with threats of legal action opposing a takeover, which BlackBerry-maker Research in Motion will openly counter. Word has it Certicom is going right to the Ontario Superior Court in order to block RIM from buying them out for $66 million as planned, claiming that they had used confidential information gathered in previously dealings and failed to disclose everything publically. RIM’s not one to take the opposition lightly and is “disappointed that Certicom’s directors are again attempting to keep the decision as to whether to accept RIM’s offer out of Certicom shareholders’ hands.” Certicom contends that they can get a better offer elsewhere, but nobody’s proposed a counteroffer at this point.

[via AP]

About The Author

Simon Sage

Simon Sage’s education largely surrounded writing, technology and online community, leading him to begin his blogging career at www.BlackBerryCool.com and to quickly discover a vibrant and active community surrounding BlackBerry and mobile technology. In exploring RIM’s platform, he has learned what enterprises are looking for in mobility as well as what makes the innocuous BlackBerry so appealing to them. Recently Simon’s been covering RIM’s gradual move into an already-crowded consumer market, and the impact of burgeoning challengers, such as the iPhone, as well as long-time leaders, like Nokia, on BlackBerry’s advancement. With plenty of content under his belt, Simon will be branching off a bit to see what other smartphone manufacturers are working on while still using BlackBerry as a barometer. At IntoMobile, you can count on his posts being even-handed, well-informed and thought-out.