(Bloomberg) -- Research In Motion Ltd., maker of the BlackBerry smartphone, advanced in extended trading after a report said Amazon.com Inc. considered buying it.
Shares of Waterloo, Ontario-based RIM climbed as much as 7.3 percent on a Reuters report that said the company "turned down takeover overtures" from Amazon because RIM wants to fix its problems independently, citing unidentified people with knowledge of the matter.
RIM rose to as high as $13.44 after closing at $12.52 in New York.
Mary Osako, a spokeswoman for Seattle-based Amazon, declined to comment. Tenille Kennedy, a spokeswoman for RIM, didn't immediately return a message seeking comment.
To contact the reporter on this story: Tom Giles in San Francisco at tgiles5@bloomberg.net
To contact the editor responsible for this story: Tom Giles at tgiles5@bloomberg.net
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