Deprecated: Assigning the return value of new by reference is deprecated in /home/crackber/public_html/wp-settings.php on line 520

Deprecated: Assigning the return value of new by reference is deprecated in /home/crackber/public_html/wp-settings.php on line 535

Deprecated: Assigning the return value of new by reference is deprecated in /home/crackber/public_html/wp-settings.php on line 542

Deprecated: Assigning the return value of new by reference is deprecated in /home/crackber/public_html/wp-settings.php on line 578

Deprecated: Function set_magic_quotes_runtime() is deprecated in /home/crackber/public_html/wp-settings.php on line 18
Roundup of Nortel bids: RIM exceeds highest bid by $375 million | Crackberry Addiction

Roundup of Nortel bids: RIM exceeds highest bid by $375 million

Posted by Steve on Thursday Jul 23, 2009 Under News

This is neat : –>HERE<--

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

nortel_broken

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?

Related posts:

  1. RIM remains interested in acquiring Nortel patents and assets You need to check out this crackberry news -...
  2. New BB News Nortel bidding starts today: RIM still not signing agreement Blackberry never stops impressing me: Today in New York,...
  3. Skyfire receives $5 million in funding to grow BlackBerry platform and more Blackberrys are #1 for a good reason. Here’s the...
  4. Attention Crackberry fans : BlackBerry videos roundup: Entourage, Hung, Michael Jackson’s Moonwalker Addicts of the world, check this: In an effort...
  5. I hope you love this Upcoming OS 5.0 BlackBerry Messenger roundup Here’s an article that will complete your day :...

Related posts brought to you by Yet Another Related Posts Plugin.

Leave a Reply