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Research In Motion's shares took off Wednesday amid unconfirmed reports that tech heavyweights Microsoft, Nokia and Amazon had looked to take over the BlackBerry smartphone maker.
The Wall Street Journal on Tuesday reported that U.S. software giant Microsoft and Finnish cell phone behemoth Nokia mulled a joint takeover of RIM in recent months.
Other reports said online retailer Amazon had separately weighed an offer for Canada's largest technology company.
The speculation drove a seven per cent jump in RIM shares in morning trading in Toronto, to Can$13.86 (U.S.$13.48).
RIM would not confirm or deny it held takeover talks with any of the companies.
RIM shares have lost 80 per cent of their value this year.
A costly BlackBerry service outage and deep discounting of the price of its PlayBook tablet computer were cited last week as factors in the company's latest gloomy earnings figures.
Research In Motion Ltd. has turned down takeover overtures from Amazon.com Inc and other potential buyers because the BlackBerry maker prefers to fix its problems on its own, according to people with knowledge of the situation.
Originally posted by calnorak
would have been nice if Amazon took it over, I like their customer service. Also I think that the Fire is a rebranded Playbook (not 100% sure though)