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PDAStreet.com > News > RIM Trumps VeriSign in Certicom Bidding Battle

RIM Trumps VeriSign in Certicom Bidding Battle

By Judy Mottl
February 11, 2009

Canadian security vendor Certicom is expected to accept Research in Motion's US$106.5 million takeover offer today, ending a bidding war between the BlackBerry maker and security player VeriSign.

The battle prompted RIM last week to top its initial, unsolicited offer, originally made in December -- a hostile takeover that Certicom initially resisted and ultimately won a court injunction to stop.

In the interim, VeriSign emerged as a second potential suitor and succeeded in signing a merger agreement with Certicom for US$73 million. However, in the face of RIM's newest offer, VeriSign (NASDAQ: VRSN) said today that it's dropping out of the running.

See here for the rest of this article at InternetNews.com.


Related Links:

  • RIM Eyes Certicom in Second Bid
  • Security Vendor Seeks to Fight Off RIM Overtures
  • RIM Aims to Boost Security Technology
  • Handheld Security: Part IV – The Mobile VPN
  • Handheld Security: Part I - Learn the Basics

     
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