Research In Motion may be looking to sell some recent acquisitions it made as part of its efforts to streamline operations and the turn company around. According to The Wall Street Journal sources, NewBay, a company that offers media and social sharing tools, and other minor assets may be for sale. The sources add that the move could also help RIM better understand just how much different parts of the company are worth on today’s market.
RIM acquired NewBay (which had over 80 million subscribers at the time) back in October 2011 for a reported US$100 million. Whether RIM can recoup its investment remains to be seen. It was seen as a late bid for the company to get into the cloud services market.
RIM also sold off email services provider Alt-N Technologies, another acquisition, in February for an undisclosed amount.
The report follows news earlier this week that IBM was interested in acquiring RIM’s enterprise-services division. While it may not want to sell off major portions of itself, it is clear that RIM will sell off smaller bits in a bid to find US$1 billion in savings by the end of its current fiscal year.
Read more: The Wall Street Journal