Research In Motion Limited (USA) (NASDAQ:RIMM) Reportedly in Talks to Be Acquired by Lenovo
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Research In Motion Limited (USA) (NASDAQ:RIMM) is once more the target of a rumored buyout. Lenovo’s CFO Wang Wai Ming stated in an interview with Bloomberg at the World Economic Forum conference in Davos that the Beijing firm is considering the BlackBerry manufacturer as a possible acquisition objective or strategic alliance associate.
Should RIMM a Buy or Sell Now? Find Out Here
The bulletin comes less than a week following RIM CEO Thorsten Heins informed German newspaper Die Welt that RIM is still having a strategic assessment, with the prospect of licensing BB 10 to other producers and selling its hardware production division.
For How Long RIMM’s Gloss will Attract Investors? Find out via this report
Also last August, Bloomberg published that IBM made an informal attempt to purchase RIM’s enterprise-services unit, the key unit of BlackBerry’s business, amid increasing rumors of an acquisition.
So far today, Research In Motion Limited (USA) (NASDAQ:RIMM) shares up +0.39% to $17.81 while the stock is changing hands within a range of $17.71 – $18.24. In the past year, the stock has traded between $6.22 and $18.32. Its average daily trading volume is 57.75 million shares.
Looking at other stocks in the tech sector, Level 3 Communications, Inc., Crown Castle International Corp. and Vonage Holdings Corp. are in the top volume leaders. Let’s have a quick look on their Market performance.
Level 3 Communications, Inc. (NYSE:LVLT) shares are down -1.30% to $24.26 while the stock is trading within the range of $24.23 – $24.6 in the current trading session. In the last 12 months, shares have floated between $16.36 and $27.99. This stock, on average, has trading volume of 1.46 million shares.
Has LVLT Found The Bottom And Ready To Gain Momentum? Find Out Here
In this session so far, Crown Castle International Corp. (NYSE:CCI) shares moved down -1.16% reaching $73.46. The stock is trading in a range of $73.41– $74.58. In the last year the stock has moved within a range of $46.16 – $75.50. The Company’s average daily trading volume is 1.64 million shares.
Why Should Investors Buy CCI After the Recent Fall? Just Go Here and Find Out
Another rival company, Vonage Holdings Corp. (NYSE:VG), is trending -1.20% higher to $2.46. The stock price is hovering in range of $2.46 to $2.53. In the previous 52 weeks, shares price ranged between $1.63 and $3.16. Their average daily trading volume is 1.42 million shares.
Will VG Get Buyers Even After The Recent Rally? Find Out Here
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