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Lenovo could buy BlackBerry ‘as early as this week’

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

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