RIM plans sale of NewBay, other minor assets – report

Monday 13 August 2012 | 10:24 CET | News
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Research In Motion (RIM) is looking to sell NewBay, a provider of software to deliver cloud-based digital content services which it acquired in October 2011, as well as some other minor assets, reports Reuters citing a source close to the development. RIM had acquired NewBay, a provider of photo, video and social-networking tools for smartphones and computers, for reportedly around USD 100 million. RIM declined to comment on the sale report.

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Categories: Mobile & Wireless
Companies: Newbay / Research In Motion
Countries: World
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