Lenovo considering BlackBerry takeover

Beijing, Nov. 3 : Lenovo Group Ltd is actively considering acquisitions in the mobile consumer electronics industry, Yang Yuanqing, chairman and chief executive officer, has said.

Media reports claim that Lenovo is in talks with embattled BlackBerry Ltd on a merger possibly worth 4.7 billion dollars.

According to China Daily, Yuanqing said that mergers and acquisitions are always useful tools for the business to expand, and the company was open to deals that can boost their business.

Lenovo has long been rumored to be an active bidder for BlackBerry, which has been losing ground to Apple Inc and Samsung.

In mid-October, the Wall Street Journal reported that Lenovo signed a nondisclosure deal to examine the books of the Canadian smartphone maker.

The Chinese company is borrowing roughly 1.5 billion dollars from banks for the deal, the report added.

--ANI (Posted on 03-11-2013)

world-news headlines

Snowden takes up post of Glasgow University rector

South Korean ferry mishap: Death toll crosses 150

BBC's Top Gear apologises for racist remark

Klopp, Guardiola not interested in Manchester United job

Obama arrives in Japan on four-nation Asian trip

China developing Linux-based OS after Windows XP shutdown

Bangladesh building victims need help: rights group

Barcelona transfer ban on hold

Kim Jong-un sending three experts to France to learn art of making his favourite cheese

Soon, 'teardrop' shaped pedal-bike that will let you zip at 90mph!

Reddit bans usage of controversial words

Single currency notes infested with over 3,000 types of bacteria

Quick Links: Goa | Munnar | Pondicherry | Free Yearly Horoscope '2014


Your e-mail:

Your Full Name:

Type verification image:
verification image, type it in the box


Back to Top