This is neat : –>HERE<--

There isn’t much I can tell you to sum this up except:

At the moment, there are three major bidders for Nortel’s technology: RIM, Nokia and MatlinPatterson. RIM’s bid exceeds the leading bid by $375 million and Nortel is still dragging its feet. While Nortel is clearly holding off in the hopes of getting a better bid, it may hurt the company’s prospects in the end. If the company does not accept RIM’s bid, it stands to lose the $375 million and accept the next lowest bid. Lets take a look at all three bids:

RIM

RIM has offered to pay $1.1 billion US for Nortel’s CDMA and LTE technology. RIM is not only the largest bidder by far, but it is also a Canadian company, just like Nortel. Canadians can still remember when Nortel’s stock plunged and investors lost millions of dollars. It would be great to see this failed company pass along a Canadian made technology to a company that will employ Canadians and keep the investment local.

Nokia

Nokia Siemens Networks, a joint European venture, has offered to bid $650 million. While they have said they would raise this bid, it is still $450 million short of what RIM is bidding.

MatlinPatterson

MatlinPatterson is a US private equity firm who have offered to pay $725 million US. MatlinPatterson currently owns about 10 per cent of Nortel’s $4.2 billion US of debt. What’s nice about the MatlinPatterson offer, is that the company ultimately wants keep Nortel, a 127-year-old Canadian technology icon, intact as a single company.

© Kyle for BlackBerry Cool, 2009

Any responses?

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