Research In Motion Limited (NASDAQ:RIMM) Buys Mobile Software Firm

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tdp2664 E money daily 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%