• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Home
  • Archives

RIMarkable

The Unofficial BlackBerry Weblog

  • Hardware
  • Reviews
  • Rumor Mill
You are here: Home / BlackBerry / Research In Motion Hires Law Firm Milbank, Tweed, Hadley & McCloy LLP To Work Out Restructuring Plan

Research In Motion Hires Law Firm Milbank, Tweed, Hadley & McCloy LLP To Work Out Restructuring Plan

April 23, 2012 by Robb Dunewood Leave a Comment

According to a Reuters report, Research in Motion has hired law firm Milbank, Tweed, Hadley & McCloy LLP to work out a restructuring deal that could include selling assets, seeking joint ventures or licensing patents.

The report claims that RIM was “very far down the road” in discussions with carriers to implement Jim Balsillie’s plan of enabling RIM’s network services on low end smartphones which could have added as much as $4 billion in revenue.

The rumors that RIM was on the verge of hiring a financial advisor may have been a bit premature.

A number of investment banks have approached RIM over the past several months, vying for a role as financial adviser. But for now, RIM is not expected to hire a banker unless it decides to sell off a major asset or if the company receives takeover interest from an industry competitor.

In a addition to hiring Milbank, Tweed, Hadley & McCloy LLP, RIM has also retained law firm Skadden, Arps, Slate, Meagher & Flom LLP and the consulting firm Monitor Group for strategic advice.

[Via Reuters]

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)

Related

Filed Under: BlackBerry Tagged With: RIM, RIM Restructures

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Primary Sidebar

Like What you See?

If you're serious about your business, the Aspire theme is the way to go.

Recent Posts

  • The Priv…..You Better Market It!!
  • BB10… A Slow Death?
  • The Day BlackBerry Forced Me To Leave BlackBerry
  • BlackBerry Hank Says Goodbye
  • Get A 10% Discount Code On A New BlackBerry Silver Passport

Copyright © 2021 · News Pro on Genesis Framework · WordPress · Log in