Court order blocks RIM's takeover of Certicom

WATERLOO, ON – Research In Motion (RIM) has withdrawn its offer to buy out data encryption company Certicom Corp. The BlackBerry maker last month announced its intention to offer a $66 million takeover bid for the Mississauga-based company, which develops technology for preventing unauthorized use of data communications. But RIM said in a press release Tuesday that conditions of its offer “can no longer be satisfied as a result of the decision issued (Monday) by the Ontario Superior Court of Justice”. According to an article in the Globe and Mail, RIM used confidential information “to make an offer directly to Certicom's...