Whether it be a Apple iPhone or Research In Motion’s Blackberry business people all over the world love their mobile devices and keeping the data safe has become increasingly to IT departments. Just ask President Obama who recently won his fight to keep his Blackberry, but only to keep in contact with friends and non-government use. Last week Certicom won a legal battle to stop RIM from acquiring them 
due to using confidential information. Security vendor Verisign has put in an offer to acquire all of the outstanding common shares of Certicom at a cash price of CDN $2.10 per common share. The total purchase price of the transaction is CDN $92 million or approximately US $73 million, or CDN $50 million or US $40 million, net of Certicom’s existing cash and short-term marketable securities. The total valaue of the deal would be worth CDN $92 million (aprox. US $73 million).
Research In Motion Out, Verisign In With New Bid For Certicom
Published: January 26, 2009Posted in: Deal Flow
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