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.
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