Lenovo reportedly looking to acquire BlackBerry


There was one point in time in which BlackBerry had found itself in a spot of trouble financially. There were talks about a possible acquisition by Fairfax Financial, although this later turned out to be an injection of cash by the company instead. While BlackBerry is definitely not where it used to be, they seem to be holding up, especially with devices like the BlackBerry Passport selling like hotcakes.

BlackBerry (BB.TO) (BBRY.O) shares rose more than 3 percent on Monday after a news website said Chinese computer maker Lenovo Group (0922.HK) might offer to buy the Canadian technology company. Benzinga.com, citing an unnamed source familiar with the matter, said an offer worth $15 a share could come as early as this week. Lenovo and BlackBerry said their companies did not comment on rumors and speculation. Rumors of a Lenovo bid for BlackBerry have swirled many times over the last two years. Senior Lenovo executives at different times have indicated an interest in BlackBerry as a means to strengthen their own handset business.

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