Rumor: Lenovo In Talks To Buy BlackBerry

BarbaraHudson writes: The CBC, the Financial Post, and The Toronto Sun are all reporting a possible sale of BlackBerry to Lenovo. From the Sun: "BlackBerry shares rose more than 3% on Monday after a news website said Chinese computer maker Lenovo Group might offer to buy the Canadian technology company. Rumors of a Lenovo bid for BlackBerry have swirled many times over the last two years. Senior Lenovo executives at different times have indicated an interest in BlackBerry as a means to strengthen their own handset business. The speculation reached a crescendo in the fall of 2013, when BlackBerry was exploring strategic alternatives. Sources familiar with the situation however, told Reuters last year that the Canadian government had strongly hinted to BlackBerry that any sale to Lenovo would not win the necessary regulatory approvals due to security concerns. Analysts also have said any sale to Lenovo would face regulatory obstacles, but they have suggested that a sale of just BlackBerry's handset business and not its core network infrastructure might just pass muster with regulators."

Comments

Re:Different reactions

[Anonymous Coward]

So it's ok for Chinese companies to buy up controlling stakes in every last Canadian natural resource company, but not BlackBerry. Interesting priorities.

Perhaps they are confused

[LessThanObvious]

Blackberry lives on only in the market of security conscious business and government. Once sold to the Chinese, no one will buy. It's fun when there are no trustworthy options for the mass market (Blackphone excluded). I wonder what phone Obama will get if they take over Blackberry.

Re:In other words, the service is going to die.

[supremebob]

Considering that Lenovo owns Motorola Mobility now, they could probably use those patents in their upcoming litigation battles with Apple.