Advertisement
Canada markets closed

  • S&P/TSX

    21,728.55
    +14.01 (+0.06%)
     

  • S&P 500

    5,018.39
    -17.30 (-0.34%)
     

  • DOW

    37,903.29
    +87.37 (+0.23%)
     

  • CAD/USD

    0.7282
    +0.0021 (+0.29%)
     

  • CRUDE OIL

    79.13
    -2.80 (-3.42%)
     

  • Bitcoin CAD

    78,879.26
    -3,730.34 (-4.52%)
     

  • CMC Crypto 200

    1,202.07
    -136.99 (-10.23%)
     

  • GOLD FUTURES

    2,330.20
    +27.30 (+1.19%)
     

  • RUSSELL 2000

    1,980.23
    +6.32 (+0.32%)
     

  • 10-Yr Bond

    4.5950
    -0.0910 (-1.94%)
     

  • NASDAQ futures

    17,474.75
    -96.50 (-0.55%)
     

  • VOLATILITY

    15.39
    -0.26 (-1.66%)
     

  • FTSE

    8,121.24
    -22.89 (-0.28%)
     

  • NIKKEI 225

    38,274.05
    -131.61 (-0.34%)
     

  • CAD/EUR

    0.6793
    -0.0009 (-0.13%)
     
MARKETS LIVE BLOG:

STOCKS END MIXED EVEN AS POWELL SOOTHES RATE NERVES

Fed chair: "It is unlikely the next policy move will be a hike"

RIM offloads NewBay at a huge loss in quest for cash

Zach Epstein
RIM NewBay Sale Synchronoss
RIM NewBay Sale Synchronoss

Following reports that Research In Motion (RIMM) was looking to scrounge up cash by offloading som “minor assets,” the company has managed to sell cloud-based service provider NewBay in a deal that was confirmed late Thursday, MarketWatch reports. Synchronoss Technologies paid $55.5 million in cash for NewBay and its assets, about half the $100 million RIM spent last October to acquire the firm. If nothing else, the sale will help cover RIM’s $65 million payment to Nokia (NOK) related to the companies’ recent patent settlement.

[More from BGR: The Boy Genius Report: The Wii U is Nintendo’s last console]


This article was originally published by BGR