Canadian mobile email solution provider, Research in Motion’s (RIM) continuous slide in the stock markets has resulted in a widely speculated takeover bid by Microsoft say reports across the globe.

RIM has seen its share price dwindle from $ 148 per share four month ago to $ 60 per share by yesterday morning. The slide in share prices are attributed to the prevailing financial scenario in the global markets including more so in USA as well as pressure on the company’s margins due to its expansion initiatives of smartphone offerings.

Analysts say that under the prevailing market conditions, the shares of RIM may hit $ 40 a piece and that is the time when Microsoft will make an offer of around $ 50 per share for a hostile takeover bid. At $ 50 share price, RIM would be valued at $ 28 billion.

Analysts further say that RIM is a perfect strategic fit for Microsoft which has been aggressively pushing itself to increase its presence in the mobile space.

RIM offers the popular BlackBerry handset-based mobile email solutions across the globe.

Source:telecomtiger