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The Official AMZER® Blog | Extension of the AMZERIAN Community

Lenovo CEO reignites BlackBerry acquisition rumour

with 232 comments

BlackBerry did the impossible, despite losing most of their value and market share, they held on long enough to launch a comeback, but all may not be well in Waterloo, recent price cuts in Europe have suggested that sales are sluggish and demand is weak, a takeover may just be imminent.

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In January Wong Wai Ming, Lenovo’s CFO, hinted at a possible acquisition of BlackBerry, then still Research in Motion, but Lenovo was quick to discredit those rumours. Now, just two months later, Yang Yuanqing, Lenovo’s CEO, has said that a BlackBerry takeover “could possibly make sense.” French newspaper Les Echos quoted Yuanging as saying that acquiring BlackBerry is a possibility, but that they would first “need to analyze the market and understand what exactly the importance of this company is.”

Of course if Lenovo does seize the opportunity, Canadian regulators would still have to approve the acquisition and the US government may try to intervene considering their usage of the platform within their agencies and Lenovo’s supposed ties with the Chinese government.

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March 11th, 2013 at 11:13 am

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