Report: Lenovo to make a bid for resurgent BlackBerry

Report: Lenovo to make a bid for resurgent BlackBerry
Lenovo hasn't even finished consuming Motorola yet, and already there is talk that the company is looking at BlackBerry. Talk about Lenovo hooking up with BlackBerry started all the way back in January 2013. That is when the Chinese manufacturer's CFO, Wong Wai Ming, said that his company had been talking to BlackBerry's bankers, and the company itself, about strategic alliances.

Denying the report, Lenovo said that the rumors were just comments taken out of context. But two months later, Lenovo CEO Yang Yuanqing told a French publication that a BlackBerry acquisition "could make sense". Ten months later, Lenovo did make a huge acquisition. But instead of buying BlackBerry, the manufacturer picked up Motorola from Google, for $2.91 billion. Considering that the deal has yet to officially close, we'll leave the merits of the acquisition for future scholars to decide.

Last November, another bout of speculation began with talk that Canadian regulators had blocked a Lenovo purchase of BlackBerry due to national security concerns. This was taking place as a $9 a share buyout offer from BlackBerry's largest stockholder, Fairfax Financial, had collapsed.

Our attention now turns to a new report published this past weekend, which states that Lenovo will make a $15 a share bid for the manufacturer, with the game plan calling for a price as high as $18 if necessary, to snare the business-centric company. Last week, Lenovo said that it was forming a new company on April 1st (no joke) that will focus on online sales of internet based smart devices using "flash sales". Is it possible that Lenovo sees BlackBerry fitting into this picture somehow? BlackBerry does have a hot new high-end model, the BlackBerry Passport, that has sold out with only 200,000 units produced. While this has been done to better match up supply and demand, this plan does resemble the so-called "Hunger Marketing" technique employed by companies like Xiaomi.


source: Benzinga via GforGames

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71 Comments

1. roldefol

Posts: 4744; Member since: Jan 28, 2011

Before the Motorola acquisition, I think this made more sense. I was all for Lenovo picking up BB the same way they picked up IBM PC. It seemed a good opportunity in enterprise mobile. Now I would rather they focus on Motorola and make them a strong mainstream player.

12. Johnnokia

Posts: 1158; Member since: May 27, 2012

This does not make any sense... BlackBerry is very well known for its high security profile.. It could not be operated by Chinese intelligence agents.. Sorry.. I am not racist but these are very bad news. Hope BlackBerry persists as an independent great company.

28. meanestgenius

Posts: 21485; Member since: May 28, 2014

Totally agree with you here, John(not that you probably care, but nonetheless). I hope BlackBerry persists and remains an independent great company as well.

18. fzacek

Posts: 2486; Member since: Jan 26, 2014

Yup, I don't want Motorola to wither away under their ownership...

2. Settings

Posts: 2943; Member since: Jul 02, 2014

Is it me or just Lenovo is Google in sheep's clothing? Buying the competition then pronounce its their innovation.

3. snowgator

Posts: 3614; Member since: Jan 19, 2011

Careful..... Your bias is showing.

9. Settings

Posts: 2943; Member since: Jul 02, 2014

Why would they need another mobile phone buy out? Expansion? Blah. Alliance? Blah. They're after BB's patents, product and portfolio. If its in their hands, they have all the rights to say that they lead or something.

21. Suo.Eno

Posts: 556; Member since: Feb 17, 2013

"BB's patents, product and portfolio." Well if they actually succeed at that, no added bragging are necessary bro the media is gonna do that for them instead, with all the analyses going back and forth. More practical to assume that Lenovo is gunning for "active" BB stuff that they can use like yeah the back end biz/enterprise services.

4. roldefol

Posts: 4744; Member since: Jan 28, 2011

I actually like Lenovo more than, say, HP. Snatching up IBM PC was huge, and they've done well with it. It was weird to see them snatch Moto too, another ancient US tech company, but I would rather them than Huawei or Xiaomi.

10. shuaibhere

Posts: 1986; Member since: Jul 07, 2012

More like microsoft with xbox??

13. BobbyDigital

Posts: 2124; Member since: May 29, 2014

You mean like Apple and Microsoft have done?

14. Mxyzptlk unregistered

Google bought youtube, android, waze, motorola to name a few.

26. meanestgenius

Posts: 21485; Member since: May 28, 2014

Apple has bought Beats, BroadMap, PrimeSense, the company that created Sir I and more as well: http://en.m.wikipedia.org/wiki/List_of_mergers_and_acquisitions_by_Apple

27. meanestgenius

Posts: 21485; Member since: May 28, 2014

*Siri

35. Mxyzptlk unregistered

Your point?

44. meanestgenius

Posts: 21485; Member since: May 28, 2014

And your point, for mentioning what Google has bought? You know my point very well. Do not presume that you do not, Mxy. You just can't stand it when someone throws your own crap right back at you.

33. BobbyDigital

Posts: 2124; Member since: May 29, 2014

You're kidding right troll? Please don't act as if Siri, Beats Music, broad map and prime sense weren't all bought by Apple. Your stupidity knows no bounds.

36. Mxyzptlk unregistered

I never said they weren't now did I?

37. BobbyDigital

Posts: 2124; Member since: May 29, 2014

Then you should've included them in your comment. Instead trolling everything that isn't Apple like you usually do. Do I really have to put up the link again that proves you troll everything that's not Apple?

40. Mxyzptlk unregistered

in case you're not comprehending it, you mentioned Apple and Microsoft which in turn I responded with my comment. Honestly this is simple comprehension.

42. BobbyDigital

Posts: 2124; Member since: May 29, 2014

In case you're not comprehending it and think everyone is too stupid to notice... You're a TROLL. You troll everything not Apple related posted on PA and are not even man enough to pet he fact that you're a troll. But don't worry, I will remind you every single time I see you trolling. It's really not that hard to comprehend. But let me put it as simple as the operating system you love so much: You = TROLL. Me = Don't like Trolls.

45. Mxyzptlk unregistered

I'm using an Android phone.

48. meanestgenius

Posts: 21485; Member since: May 28, 2014

Post a screen shot with proof that you are. Otherwise, you're just talking BS.

50. Mxyzptlk unregistered

I guess I'm just talking bs then.

56. meanestgenius

Posts: 21485; Member since: May 28, 2014

I know you are. Glad you admit it.

53. BobbyDigital

Posts: 2124; Member since: May 29, 2014

You're beyond a liar Mxy. I've seen you on several occasions talking to DarkkJedi about you and him and how you both use iPhone's. You're so pathetic.

64. Mxyzptlk unregistered

You know people can switch devices right?

65. BobbyDigital

Posts: 2124; Member since: May 29, 2014

You know you're lying right?

69. meanestgenius

Posts: 21485; Member since: May 28, 2014

You know you never owned an Android device, right?

47. meanestgenius

Posts: 21485; Member since: May 28, 2014

In case YOU'RE not comprehending it, you attempted to demonize Google for something that Apple has done in spades. Apple even goes as far as to say that THEY invented the very tech that they have purchased. Even the tech Apple COPIES they attempt to pass off as their innovation. I simply threw in your face the one thing that Apple actually does better than Google: purchase other companies for their tech, rather than innovate/create their own. Don't like it when facts are placed smack-dab in your face, now do you?

* Some comments have been hidden, because they don't meet the discussions rules.

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