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Lenovo Interested In Acquiring BlackBerry, Says Report

by Brandon Russell | October 17, 2013October 17, 2013 3:00 pm PDT

BlackBerry Q10-Camera-Front

A new report from The Wall Street Journal claims Lenovo is making advancements toward BlackBerry, circling back to comments the Chinese company’s CFO made very early this year. According to sources, Lenovo executives have signed a non-disclosure agreement with BlackBerry to look at the company’s books, though it’s unclear if any offer will be made. Canadian company Fairfax Financial offered $4.7 billion for BlackBerry last month, but it appears that might not be the final offer.

When Lenovo talked about a possible BlackBerry acquisition this year, CFO Wong Wai Ming said the company is “looking at all opportunities.” Ming added, “We’ll have no hesitation if the right opportunity comes along that could benefit us and shareholders.” With BlackBerry openly courting any and all offers, it sure appears like the right opportunity has come up. But with the Waterloo company so far removed from its QWERTY heyday, who knows if Lenovo will find an acquisition beneficial in the longterm.

Lenovo has an enormous smartphone presence in its home country of China, but not so much here in the U.S. Earlier this year, Lenovo CEO Yang Yuanqing explained that the company is ready to crack the U.S. smartphone market, but with little brand recognition, it would certainly be difficult to build an audience.

Would a BlackBerry acquisition help the Chinese company boost its stateside presence? If serious talks between the two are actually underway, it sure sounds like Lenovo believes it would.

WSJ

Brandon Russell

Brandon Russell enjoys writing about technology and entertainment. When he's not watching Back to the Future, you can find him on a hike or watching...

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