Balsillie bids on Penguins
Could we see RIM CEO Mike Laziridis lacing up for the NHL’s Pittsburgh Penguins? We’re hoping not, but his partner-in-crime and Co-CEO Jim Balsillie may have something to say about that. A long-time hockey fan, Balsillie’s slapped down a bid to own the team that Mario Lemieux built for a whopping $180 million. Not only that, but he planned to move the team to his hometown of Hamilton, Ontario, close to RIM’s headquarters in Waterloo. Hello, company picnics!
“Balsillie, who has declined comment, was the secretive Canadian bidder who nearly signed a letter of intent with the Penguins in mid-July. He backed out when he realized it wouldn’t be simple to move the team. It’s believed he wanted to relocate it to Hamilton, Ontario, which is near Waterloo.”
But now he’s back on the table with a few other bidders behind him. Come on, Jim. Now while we’re waiting for RIM’s stock to go through the roof, we can check NHL box scores - awesome. Read the entire story here.