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Lenovo could buy BlackBerry ‘as early as this week’

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BlackBerry Passport

Lenovo could be in the running to buy out BlackBerry, according to recent reports.

The Chinese tech company is rumoured to be interested in Canada’s foremost smartphone manufacturer.

It wouldn’t be the first big name brand to be snapped up by Lenovo. The firm bought out Motorola for $2.9 billion (£1.8bn) earlier this year.

In 2013, Wong Wai Ming, Lenovo’s Chief Financial Officer, mentioned that BlackBerry could be an interesting acquisition for Lenovo.

We then heard rumours that Canada was blocking the deal over security concerns - not just Lenovo either, but Apple and Microsoft too.

The latest news however is that Lenovo could once again be looking to throw down cash for BlackBerry, at least according to Bezinga.

Citing ‘a source familiar with the matter’, Bezinga claims Lenovo could be spending big bucks for the Canadian firm ‘as early as this week’.

The source said Lenovo’s first offer would be $15.00 (£9) per share, with a deal ultimately getting done around $18.00 (£11) per share.

As of Friday, BlackBerry was worth around $9 (£6) per share, so the buy-out could be a lucrative option for the smartphone-maker.

BlackBerry’s won a surprising amount of praise for its latest handset venture, with many critics lauding the Passport for its innovative design and impressive build quality.

Despite being a somewhat corollary brand in the western world, Lenovo consistently places in the top five smartphone manufacturers across the globe.

Read more: Best Mobile Phones 2014

Discochip

October 20, 2014, 3:10 pm

Oddly enough, I think the U.S. might pressure Blackberry to NOT make the deal. Think of all the DoD people who use Blackberrys, not to mention Obama. The Secret Service requires him to use one, and I think any deal with a Chinese company - even if the U.S. has no say-so with Canada - would cause the Fed Gov to put pressure on Canada. Also, 16 of th heads of he G-20 use Blackberry's, they sure don't want the Chinese Communists getting the software because they would immediately install a backdoor or workaround, they might even be working on a way to do that now just in case. Look at all the knockoffs, phony products, and software they've stolen in the past.

Bob

October 20, 2014, 4:00 pm

sounds like a rumor to me -- it doesn't make any sense since all Lenovo's stuff is Android based. Why pay to support a dying brand/OS? Customers will make the jump soon enough and they won't have to deal with the politics of the purchase.

Everlast

October 20, 2014, 5:06 pm

BB are losing business customers at an alarming rate mainly to Apple, the Passport phone might slow down the trend slightly, but I don't think it can be reversed.

Everlast

October 20, 2014, 5:10 pm

I highly doubt US government and military people are using general market BlackBerry phones, it would be stupid if they don't compile and install their own customised software.

Everlast

October 21, 2014, 11:45 am

I highly doubt US government and military people are using general market BlackBerry phones, it would be stupid if they don't compile and install their own customised software.

Bob

October 22, 2014, 3:47 pm

I doubt the Passport will slow anything down 200k units globally? Those were probably mostly units committed to in contracts or given away basically. I think this is just Prem Watsa's boys doing a short squeeze to prop up the company. Sucks for all the other shareholders....

Everlast

October 24, 2014, 9:55 pm

Actually I never said they are not using BB, but that they are not using GENERAL market phones, but modified verisons. And a quick search showed exactly that:
Obama uses a BB model specially enhanced by the US National Security Agency and that they are trying to get him to abandon it!
Merkel (Germany) - Nokia Slide & a BB Z10 modified by a Düsseldorf company Secusmart with a special chip;
Putin (Russia) - claims he is not using cellular phone, but has been spottedwith iPhones;
Hollande (France) - iPhone 5, their previous president Sarkozy used BB;
Matteo Renzi (Italy) - iPhones;
Kim Jong-un - HTC :)
So it appears most leader are moving away from BB ....
http://www.theguardian.com/...

Bob

October 26, 2014, 12:48 am

I have considered the non-consumer market and I've noticed lots of corporate and government agencies are transitioning away from them. It's only a matter of time.

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