RIM Buys Chalk Media for $23M Cash

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BlackBerry maker RIM has just announced a cash acquisition of Vancouver based Chalk Corp for $23 million cash. The deal has not been fully approved yet. Until the deal is approved, RIM will provide the company with $2 million in working capital. Chalk develops mobile based applications that create and deliver media-rich “pushcasts” across your organizations network that can also be tracked. Chalk’s stock price is up about 188% following the announcement.


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