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RIM looks to sell NewBay, other assets: source

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. …

Quoted from RIM looks to sell NewBay, other assets: source on Gadgets News Headlines – Yahoo! News

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