Research in Motion talked to private equity firm Silver Lake Partners last year about going private, but talks broke down over valuation.Speaking on Bloomberg West this afternoon, reporter John Erlichman said a source with “direct knowledge” told him the talks happened before current CEO Thorstein Heins took over in January, back when cofounders Jim Balsillie and Mike Lazaridis were still running the company.
These were only “preliminary discussions” but there was a “disagreement over valuation” so the talks didn’t go anywhere.
The report didn’t say exactly when the talks took place, but the stock is down about 20% since Heins took over, and is down about 70% from a year ago.
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