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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.

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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