RIM Attempting to Buy Out Security Firm for $66 Million

RIMAs if RIM’s BlackBerrys weren’t secure enough, they’re initiating a takeover bid for Certicom, a security firm based out of Mississauga, Ontario. Certicom has worked with RIM in the past to provide public-key and elliptic curve cryptography technology to BlackBerrys, but they’re holding onto upwards of 350 juicy security patents, ones used by even the American NSA. RIM plans to be paying out $1.50 per share, amounting to a $66 million buyout, which is a fairly generous offer considering their current stock price. If you’re looking to get rid of some Certicom stock at a good price, the take-over starts on December 12th.

[via RIM]

Thanks, dad. 🙂

  • Marin

    $66 million Candadian. Which is like what, $17 mil american? I kid, it’s a little over $53 million.

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