Disqus
After getting shot down by the Ontario courts, BlackBerry-maker Research in Motion is doubling on their initial $1.50/share offer for encryption agency Certicom. $3.00/share works out to $106.6 million, beating the previous bid from web security company VeriSign by a healthy $30 million margin – certainly a tempting offer, and Certicom’s board of directors will advise shareholders on the bid before Thursday. Although Certicom’s stock is currently sitting at around $2.60, Toronto Stock Exchange trading has been halted until the whole thing settles in. RIM certainly has a thing or two to gain from Certicom, and has worked with them in the past for BlackBerry security work. It will be interesting to hear if Certicom has changed their tune about RIM’s offer, or if this will just spawn a bidding war with VeriSign…
[via Reuters]
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.
