RIM looks to sell NewBay, other assets: sourcepublished Sat, Aug 11 2012 00:20 GMT
TORONTO (Reuters) - BlackBerry maker Research In Motion is looking to sell cloud services provider NewBay and some of the other minor assets it recently acquired, as part of a strategic review process, according to a source familiar with the matter. RIM acquired NewBay, a provider of photo, video, and social-networking tools for smartphones and computers, in October 2011 for reportedly around $100 million, as it sought to roll out a new strategy to stem its steady decline. RIM declined to comment on the sale report. ...
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