Certicom Approves RIM Bid, Awaits VeriSign’s Counteroffer
By Simon Sage on Thursday, February 5th, 2009 at 9:56 AM PST In Financial/Corporate News, Partnerships, RIM (Research in Motion), Security
RIM’s $3.00/share bid for encryption company Certicom was allowed last week despite injunctions made on their earlier $1.50/share proposal. Now VeriSign, who had squeaked in a $2.60 bid between RIM’s two, has five days to beat the offer. Security remains a big priority for BlackBerry (NSDQ: RIMM)-maker Research in Motion, who’s primary customer remains enterprise, despite a growing consumer segment. The division between the two is blurring, however, and strides in security will have plenty of benefits for us consumer-folk as well.
[via Certicom]
