Lenovo thinking of buying RIM?

Lenovo thinking of buying RIM?
Less than a week before RIM is expected to introduce the BlackBerry 10 OS, and its new BlackBerry Z10 and BlackBerry X10 handsets, it might have become the target of Chinese handset manufacturer Lenovo. The latter's CFO, Wong Wai Ming, said that the company has had talks with RIM's bankers and the Canadian firm itself to discuss strategic alliances and various combinations. The executive was speaking at the World Economic Forum's annual meeting in Davos, Switzerland.

But a Lenovo spokesman said that Wong was responding to a question posed by a journalist and was giving a response about Lenovo's broad M&A strategy. RIM has captured the attention of the smartphone industry as leaked videos show the new BlackBerry Z10 holding its own against the Apple iPhone 5. But even with the stock nearly tripling off of its lows, RIM CEO Thorsten Heins says that RIM would consider selling the hardware division and licensing its software.

RIM's CEO earlier this week also said that RIM would consider a strategic alliance, even after the January 30th unveiling of BlackBerry 10. Any deal for the entire company would face regulatory battles in Canada where the Prime Minister has called the company a national "crown jewel," and Canada's Industry Minister Christian Paradis said that even a sale of the handset business could lead to a review before a deal was closed. A Lenovo deal for RIM would probably face U.S. regulatory review as well, since some government agencies in the U.S. still rely on the security of BlackBerry phones.

At least one analyst says that this talk of a Lenovo-RIM merger is all rubbish. "Anybody who's serious about buying a company doesn't go talking it up... It sounds to me like a comment made more for publicity's sake than a serious approach for RIM," said Charter Equity analyst Ed Snyder. "It is a very long shot at the best."


source: Reuters

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31 Comments

1. XPERIA-KNIGHT unregistered

be smart about it rim.........think before you act

2. wendygarett unregistered

Uh oh, Mr Heins is scared now, better do well on rim and inflate the share price so that Lenovo can't afford to takeover, otherwise....

28. dan86

Posts: 298; Member since: Mar 17, 2012

Very soon Sammy will buy Apple Inc. And then we'll have chat.

31. -SEUL8TR-

Posts: 113; Member since: Jan 13, 2013

Also they should buy Nokia,

16. pokharkarsaga

Posts: 556; Member since: Feb 23, 2012

BB is going to sell only the Hardware division & not the Software division.

18. wendygarett unregistered

If that the case it's alright, because Asian oem manage to make monster spec with low cost tho lol

3. blackice214

Posts: 168; Member since: Jan 03, 2013

Someone at rim told me that bb10 was just a stunt to get companies to buy them.

27. _Bone_

Posts: 2155; Member since: Oct 29, 2012

Next stop: Huawei to buy Apple.

4. predator93

Posts: 122; Member since: Aug 28, 2012

I won't mind anybody buying anybody as long as they manage the resources well, I just don't want another HP-Palm failure again.

5. MC1123

Posts: 1256; Member since: Nov 12, 2012

this is a 2 day old news! and i hope RIM wont! since lenovo is a chinese company, it will just ruin RIM's reputation! since RIM and BB is known for secure messaging (not so secure with their new product, with all the leaks!) so RIM shouldn't sell themselves to them!!

6. XPERIA-KNIGHT unregistered

i as well......i as well bro

7. lenovo.dont.be.fool

Posts: 1; Member since: Jan 25, 2013

This is the first time i agree with mc1123. Lenovo shouldn't buy RIM. RIM is a loser. Whoever buy RIM will dead because bbm only work on bb. In a android apple world. Bbm is a junk. Lenovo don't buy rim. your doing great with your android strategy.

9. MC1123

Posts: 1256; Member since: Nov 12, 2012

nicholas, why are you changing your name all the time, PA always ban you? what i said is a compete different that what you said!

20. Nikolas.Oliver

Posts: 1574; Member since: Jul 01, 2012

lol jumfe, do you really think that the guy above you is really me ? im not banned and never will

10. MC1123

Posts: 1256; Member since: Nov 12, 2012

i didnt say that whoever will buy RIM will be a compete loser or will be just a loss of money, RIM is still on the list of top 10 manufacturers, and its BB7 OS is the current 3rd 9coz if WP is really the 3rd, they should outnumber RIM's sales by now! but they didnt) coz zgain, RIM and BB is known for secure messaging, and if this will happen, north america and even the european countries wont buy BB coz again, RIM and BB is known for secure messaging and lenovo has close tie with chinese government so this shouldn't happen!

21. Nikolas.Oliver

Posts: 1574; Member since: Jul 01, 2012

just because i didn't appear on bb news for a couple of weeks, doesn't mean i have been banned

24. Nadr1212

Posts: 741; Member since: Sep 22, 2012

It kinda does, honey-boo boo!

8. chezy

Posts: 20; Member since: Dec 29, 2012

rim don't forget lenovo is a Chinese company. if u sell out to them you will have no chance in hell in the US/north american market. you know how the american gov' feels about Chinese companies and security...

11. wendygarett unregistered

Yeah, us gov will be piss off

12. MC1123

Posts: 1256; Member since: Nov 12, 2012

and if this will happen, RIM will say the real goodbye!

13. raghav.ak

Posts: 12; Member since: Sep 27, 2012

I have no issues with Lenovo's competency but I think you're right about the North American Market having issues with Companies from China.

17. MC1123

Posts: 1256; Member since: Nov 12, 2012

i think what he meant is what i mean above... and i dont have problem with lenovo either on their laptop,since my sister is using one for almost 3 years now... the problem with this is that RIM is known for having secure messaging and since lenovo (and other chinese company) has close ties with chinese government, since BlackBerry is still widely use in the US government's system coz of its security and even the president himself cant let go of his BlackBerry even he has an iPhone because of again, secure messaging! and if lenovo will ever buy RIM, they can have a peek on that secure messages! and leak it to the chinese government! it is not a wise move by lenovo, coz especially that US is banning chinese companies (huewei and zte) and it will be a destruction of RIM since its strong point is secure messaging! so they better not to.. it will be a wrong move by lenovo.

14. christumaini

Posts: 27; Member since: Oct 25, 2012

Think that's bad move/timing for lenovo they better go for nokia instead

15. MC1123

Posts: 1256; Member since: Nov 12, 2012

western companies should be wise and keep their pride! they shouldnt sell themselves on a chinese company!

19. joey18

Posts: 673; Member since: Jul 20, 2010

lenovo is not intel

23. raghav.ak

Posts: 12; Member since: Sep 27, 2012

Talking about Lenovo being a Chinese Company and how that would influence the North American Market, Lenovo bought Thinkpad off IBM and it has done well. The problem is with Blackberry's secrecy towards Mails and other such stuff, they just might end removing it, it would benefit them in two ways, having lesser outages and cheaper Internet Services and make it only Enterprise for the Corporate Sector, I'm sure there are many individuals who don't need that kind of protection for their Mails. Blackberry really need to re-strategize. If they do and Lenovo does buy them, I just hope they'll maintain that class.

25. BomberXL

Posts: 82; Member since: Jan 17, 2012

hey RIM, i honestly think you guys can make a comeback... im thinking this is the "Wong Wai" to go..

30. chezy

Posts: 20; Member since: Dec 29, 2012

nice one :D

26. snowgator

Posts: 3621; Member since: Jan 19, 2011

I call shenanigans.

29. jackhammeR

Posts: 1548; Member since: Oct 17, 2011

yeah..now, when RIM is getting on its feet some china folks wish to buy the company. RIM, don't do it!

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