Lenovo still might have a taste for Blackberrys
Subject: General Tech | March 12, 2013 - 02:05 PM | Jeremy Hellstrom
Tagged: blackberry, Lenovo, rumour, purchase
As we have heard before there are rumours that Lenovo is interested in possibly buying Blackberry, or at least trying. The hurdle they face is not economic, not only do they have 2 billion in cash lying around looking for something useful to do they managed to make some impressive profits in the PC business at a time where their competitors were feeling the downturn in the economy. The hurdle will be regulatory, as mentioned before the Canadian Government is leery of trend for major Canadian companies to sell themselves to foreign investors. On the other hand, would the government be willing to watch a company go down the path Nortel was forced to travel, with the entire company and IP being sold piecemeal? It is hard to predict, especially since this is still at the rumour stage, but from the information The Register published it would seem that the rumours were enough to float Blackberry's stock up by 10%.
"Shares in BlackBerry, the company formerly known as both RIM and a world leader in smartphone shipments, jumped up ten per cent on Monday after Lenovo CEO Yang Yuanqing said that a buyout "could possibly make sense."
Here is some more Tech News from around the web:
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- ASUS RT-N66U Dual-Band Gigabit Wireless-N Router Review @ Hi Tech Legion
- Samsung DV150F Review @ TechReviewSource