 "Lenovo rumoured to make a bid to buyout BlackBerry this week")
According to a report published on technology news site Benzinga, Lenovo is allegedly expected to make a bid to acquire BlackBerry by the end of this week. According to sources, Lenovo’s first offer would be $15 per share and would ultimately be finalised at $18 a share. Lenovo has also announced the creation of a new company, which will be focussed on internet-based smart devices which will be launched on April 1, 2015 and it will be operating under a separate name. Considering Lenovo is already in the process of completing the Motorola Mobility deal by the end of the year, the news of BlackBerry acquisition seems a bit unconventional. BlackBerry used to command a significant market share, but over the years the onslaught from Android and iOS based smartphones has made BlackBerry irrelevant as far as masses go . Last year we saw a lot of cuts in prices of its Q10 and Z10/Z30 smartphones. This was happening at a time when Motorola was making waves with its twin successes of Moto G and Moto E in the mid and low-end segment. Unless Lenovo wants to cover all bases - masses with Motorola phones and the enterprise sector with BlackBerry, one really needs to take the news with a pinch of salt. There’s another reason as well. In January 2013, Lenovo had signed a **non-disclosure agreement** to look into BlackBerry’s books to make an acquisition offer. The Canadian government had blocked Lenovo from acquiring BlackBerry back then. It had given the reason that it would not let a Chinese company acquire BlackBerry as the latter was tied deeply into Canada’s telecom infrastructure. This happened at a time when BlackBerry was going through a lot of troubles financially. The latest financial numbers suggest that things are improving. Plus BlackBerry has managed to sell 200,000 units of its latest smartphone for professionals - **the BlackBerry Passport - a phone which managed to impress.** Going by the history it seems unlikely, that the Canadian government would let go of the company now.
According to a report published on technology news site Benzinga, Lenovo is allegedly expected to make a bid to acquire BlackBerry by the end of this week. According to sources, Lenovo’s first offer would be $15 per share and would ultimately be finalised at $18 a share. Lenovo has also announced the creation of a new company, which will be focussed on internet-based smart devices which will be launched on April 1, 2015 and it will be operating under a separate name.
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