01:51 PM EST - Research In Motion Ltd. : sold its NewBay services subsidiary to Synchronoss Technologies because it wasn't a core part of its future BlackBerry product lineup, the company said Friday. NewBay provides Internet services that allow customers to store and share content like photo albums and other data, through smartphones, tablets and other devices. The deal was first announced Thursday by Synchronoss, which said it paid US$55.5 million. Research In Motion Ltd.
shares RIM:CA are trading up 6 cents at $11.76.
