Cable / Telecom News

RIM buys Certicom, at last


WATERLOO, ON - Research In Motion Ltd. (RIM) has finally completed its acquisition Certicom Corp. for approximately $132 million, almost double its original asking price.RIM launched a takeover of the Mississauga-based data encryption company in early December, but the plan hit some snags along the way. Certicom then accepted a buyout offer from VeriSign in January, but when RIM upped its bid in early February, Certicom reportedly paid VeriSign a $4 million termination fee and accepted the new RIM offer. The companies made the official announcement late on Monday."Certicom's technology and expertise complement RIM's business and the industry leading BlackBerry platform," said...