Research In Motion Limited (NASDAQ:RIMM) has acquired the NewBay mobile
software maker for $100 million. Research In Motion Limited (NASDAQ:RIMM) Buys
Mobile Software Firm The BlackBerry maker Research In Motion Limited
(NASDAQ:RIMM) confirmed that it has acquired the mobile software maker NewBay
for $100 million. The company intends to maintain Dublin as its development
center with its employees. The Irish company provides photo, video and social
network tools for smartphones and computers and has more than 80 million
subscribers to its "white-label" content services. Research In Motion
Limited (NASDAQ:RIMM) will use NewBay's services to offer content services.
The company did not confirm when the deal would close. Research In Motion
Limited (NASDAQ:RIMM) shares are currently standing at 23.36. Price History Last
Price: 23.36 52 Week Low / High: 19.29 / 70.54 50 Day Moving Average: 25.83 6
Month Price Change %: -57.4% 12 Month Price Change %: -51.3%
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