Join gaming leaders, alongside GamesBeat and Facebook Gaming, for their 2nd Annual GamesBeat & Facebook Gaming Summit | GamesBeat: Into the Metaverse 2 this upcoming January 25-27, 2022. Learn more about the event. 


Thorsten-Heins-RIM-655

Troubled BlackBerry-maker Research in Motion could sell off its handset business to “potential buyers” Facebook and Amazon and focus on messaging services, according to a report from The Sunday Times.

Still relatively new RIM CEO Thorsten Heins (pictured) previously admitted that the company was in need of “substantial change”, and about a month ago, the company hired the Royal Bank of Canada and J.P. Morgan to give the company a “strategic review.” In that review, one of the options on the table is apparently splitting the BlackBerry handset business and its messaging/enterprise business into two entities.

The Sunday Times, which does not name any sources in its report, says that Facebook and Amazon are potential buyers for the handset business. Facebook makes more sense than Amazon because the company already has its sights set on building a “Facebook phone.” RIM already has the infrastructure set up to build large quantities of phones, so it could be a smart investment. If the company can’t find a buyer or is dead-set against splitting the company, the Times reports, it could also sell part of its stake to another tech giant like Microsoft.

If it does indeed sell off the handset business, RIM would shift all of its focus onto services and messaging. The company’s BlackBerry Messenger (BBM) and BlackBerry Internet Service (BIS), in this case, would be further developed and licensed out to other companies.

RIM’s plan will reportedly be revealed before the end of the summer. However, with the its stock price sinking quickly, it may want to hurry up and make an announcement sooner rather than later.

Thorsten Heins photo: RIM

MobileBeat 2012Design is determining the winners in everything mobile. The most successful players are focusing on one thing: How to make products, services, and devices as compelling and delightful as possible – visually, and experientially. MobileBeat 2012, July 10-11 in San Francisco , is assembling the most elite minds to debate how UI/UX is transforming every aspect of the mobile economy, and where the opportunities lie. Register here.

VentureBeat

VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
  • up-to-date information on the subjects of interest to you
  • our newsletters
  • gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
  • networking features, and more
Become a member