Takeover could help Lenovo strengthen its position outside China

Lenovo considering takeover bid for BlackBerry

Lenovo has apparently signed a non-disclosure agreement to examine BlackBerry’s finances.

According to the Wall Street Journal, Lenovo is keen to buy out all of BlackBerry in a bid to strengthen its position outside China.

Lenovo considering a takeover bid isn’t particularly surprising, as BlackBerry has experienced some financial troubles. In a bid to assure customers, BlackBerry recently took out full-page adverts in 30 newspapers around the globe, saying it was making the ‘difficult changes’ necessary to strengthen the company.

Other companies that have reportedly shown interest in putting bids in for BlackBerry include Google, Intel, LG and Samsung.

If Lenovo does put in an offer, the company would be up against a preliminary $4.7 billion bid from BlackBerry’s biggest shareholder, Fairfax Financial.

Check Also

Tech Data Chris Bates 1 e1765352208117 TD Synnex launches portal for trade-in and buy-back services

TD Synnex launches portal for trade-in and buy-back services

TD Synnex UK and Ireland has launched a new self-service portal designed to make it …