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China: Lenovo seen going after Blackberry this week

By  |  October 23, 2014

Chinese technology conglomerate Lenovo is reportedly looking to acquire Canadian mobile communications firm Blackberry and could make an offer as soon as this week, say reports.

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    An unnamed source says Lenovo is looking to make an initial offer at between $15 and $18 per Blackberry share.

    This is not the first time Lenovo was rumored to eye a Blackberry deal. In early 2013 Lenovo, at the time still known as Research in Motion, said it was looking at the Canadian company as a potential merger target; Blackberry denied discussions at the time, however.

    Later that year, reports say Canadian regulators blocked a tie-up due to national security concerns.

    Also last year, insurance company Fairfax Financial Holdings had struck a deal to acquire the cell phone maker, but the deal eventually squandered.

    Full content: Benzinga

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