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RIM shares up on Microsoft talk RIM shares up on Microsoft talk
(about 1 hour later)
Shares in BlackBerry-maker RIM have touched new highs on speculation that Microsoft was contemplating making a bid for the firm.Shares in BlackBerry-maker RIM have touched new highs on speculation that Microsoft was contemplating making a bid for the firm.
There are rumours that Microsoft is interested in the Canadian firm after Google said it was considering making its own mobile phone operating system.There are rumours that Microsoft is interested in the Canadian firm after Google said it was considering making its own mobile phone operating system.
However neither firm has commented on the speculation.However neither firm has commented on the speculation.
RIM's shares ended up 1% at C$87.71 ($82.94; £41.18) on Thursday, having hit a record C$89.68.RIM's shares ended up 1% at C$87.71 ($82.94; £41.18) on Thursday, having hit a record C$89.68.
However observers have questioned whether Microsoft buying RIM would make sense - not least because the C$50bn it would not prove cost effective. However observers have questioned whether Microsoft buying RIM would make sense - not least because the firm's C$50bn valuation means it would not prove cost-effective.