Deals
RIM Gains 100% in Sale Value on Google-Motorola Tie: Real M&A
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The biggest wave of deals for mobile-phone assets in more than a decade may help Research In Motion Ltd.’s shareholders almost double their money in a sale.
Led by Google Inc.’s takeover of Motorola Mobility Holdings Inc. and Nortel Networks’ patent auction, acquisitions of wireless and telecommunications equipment makers may top $27 billion this year and approach the record in 1999, according to data compiled by Bloomberg. After Google agreed this month to pay a dot-com era premium for Motorola and its patents, RIM, maker of the BlackBerry, may now be worth almost $25 billion, an estimate from Morgan Keegan & Co. showed. The shares surged as much as 8.1 percent today.