Lenovo Eyes BlackBerry for Expansion in Mobile Devices
Lenovo, the Chinese PC maker, is once again hinting it might like to own BlackBerry (NASDAQ: BBRY). Given the battered Canadian company's results, it is hard to see the appeal. But Lenovo has no real spot in the smartphone market, which is a vulnerability as it ponders the shift of consumer buying activity from personal computers to handheld devices. Lenovo may believe it needs to take a long shot.
According to EWeek:
Lenovo, which offers Android-based smartphones, may be in the market for the troubled device maker, according to Lenovo's CEO. Lenovo executives, less than two months after disavowing rumors that they were interested in buying struggling smartphone maker BlackBerry, reportedly are again raising that possibility.
Lenovo CEO Yang Yuanqing told a French financial newspaper in an interview that was published March 11 that a deal for BlackBerry "could possibility make sense," though he would first have to assess the market and BlackBerry's standing in it.
Filed under: 24/7 Wall St. Wire, Mergers & Acquisitions, PC Companies, Rumors Tagged: BBRY, featured
