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]