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.
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