RIM Buys Chalk Media for $23M Cash

Chalk Logo

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.


Tags: , ,

Questions? Write to Hercules K at hercules@business2press.com

Share
More |
http://bit.ly/4Wwxd

Leave a Reply

blog comments powered by Disqus

RELATED NEWS

    No related posts

Since 2008, with over 700 articles, the Business 2.0 Press has been publishing unique business news, tech news and analysis of your favorite tech firms and top financial intermediaries straight from Bay and Wall streets. Learn more

Join thousands of daily readers, subscribe now

facebookFacebook
twitterTwitter - 7,900+ Followers
rssSubscribe via RSS - 16,700+ Readers

Subscribe by email via Google: