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'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.