Takeover could help Lenovo strengthen its position outside China

Lenovo considering takeover bid for BlackBerry

Lenovo has apparently signed a non-disclosure agreement to examine BlackBerry’s finances.

According to the Wall Street Journal, Lenovo is keen to buy out all of BlackBerry in a bid to strengthen its position outside China.

Lenovo considering a takeover bid isn’t particularly surprising, as BlackBerry has experienced some financial troubles. In a bid to assure customers, BlackBerry recently took out full-page adverts in 30 newspapers around the globe, saying it was making the ‘difficult changes’ necessary to strengthen the company.

Other companies that have reportedly shown interest in putting bids in for BlackBerry include Google, Intel, LG and Samsung.

If Lenovo does put in an offer, the company would be up against a preliminary $4.7 billion bid from BlackBerry’s biggest shareholder, Fairfax Financial.

Check Also

Gemserv Acquired by Talan Group

Expert professional services firm Gemserv has been acquired by Talan, an International Consulting Group in …