Lenovo might attempt to make a bid to acquire BlackBerry this week

By October 21st, 2014 AT 12:25 PM

Even though its recent launches like the BlackBerry Z3 and the BlackBerry Passport may have inspired confidence, its waning smartphone market share and its increasing incompetency with other platforms is universally known. According to a new report, Lenovo is attempting to make a bid to acquire BlackBerry, as soon as this week.

BlackBerry Logo

BlackBerry’s shares are hovering around the $10 mark and according to the report, Lenovo is willing to pay $15-$18 per BlackBerry share. These companies have neither confirmed nor denied the report but if this deal goes through, it will be the second high-profile acquisition by Lenovo. Currently, Lenovo’s Motorola acquisition is in its final stages.

Lenovo is showing great signs of becoming a smartphone giant. It is already one of the largest smartphone brands in China and is looking to compete with Xiaomi by launching a new brand altogether.

Source | Via

 

Computer science engineer turned technology blogger. Following consumer electronics industry closely from 2006, he can now predict pretty much where the market is heading. He has a dream to own Android, Windows Phone and iOS smartphones all at the same time.

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RamaShahinJagannath Recent comment authors
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Shahin
Shahin

15-18 $ for Stock..
🙂
hahaa..!!
BbM up.. and i think they will sell it

Jagannath
Jagannath

Hope that Blackberry doesn’t get killed the Nokia way by this acquisition.

Rama
Rama

*If the acquisition goes through BlackBerry will actually be in good hands and will thrive.The thing with Nokia is that it was bought up by the company which in a way destroyed it and that was Microsoft so that’s why Nokia’s mobile division looks bad in Microsoft’s hand. Microsoft was not at all interested in entering the hardware market they bought Nokia to further increase or rather save the existing market share of Windows Phone. Microsoft bought Nokia to save Windows Phone and not be a hardware competitor. The case with Lenovo is different they don’t have any of their… Read more »

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