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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."

11 of 73 comments (clear)

  1. Different reactions by manu0601 · · Score: 2

    Regulators looks at purcahse from a chineese company as suspect for security reasons, but when espionage is done by the US, there is no problem.

    1. Re:Different reactions by Anonymous Coward · · Score: 2, Insightful

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

    2. Re:Different reactions by umdesch4 · · Score: 2

      Yeah, I wonder about this. It's extremely hard to come up with numbers. You typically end up with specific cases hitting the news in chunks, like this: http://www.theglobeandmail.com...

      Then there's my own anecdotal evidence from copper mining, where my friend left his management position at one Canadian mining company shortly after a Chinese company acquired 51%, only to have another Chinese company buy a 40% stake in the next company he ended up at. Now he's waiting for the other shoe to drop, when the additional 11% acquisition quietly happens with no press. I've heard the same stories in every natural resource sector I know people in, but I just spent an hour googling this, and I can't find any top line number for just how much of Canada is actually owned by China. I suspect it's truly shocking.

  2. Red mouse nub by jfdavis668 · · Score: 5, Funny

    They will add the little red mouse pointer nub to the middle of the blackberry keyboard. Progress at last!

  3. Perhaps they are confused by LessThanObvious · · Score: 5, Insightful

    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.

    1. Re:Perhaps they are confused by Anonymous Coward · · Score: 2

      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.

      Devil's Advocate: Poor people in the UK, plus the Indian market, (plus a good portion of the Chinese market) may be a market of people who have no secrets to hide from the PLA, but who don't want a device pre-compromised by NSA/GCHQ.

      There is effectively no hardware platform that doesn't have backdoors. The question every consumer on the planet must ask is which government's backdoors are you willing to accept, in exchange for a decreased probability of backdoors from some other government.

      Full disclosure: I run a Lenovo laptop. Although China's government is more abusive of its citizens than that of the United States, I spend most of my time in Five Eyes jurisdiction, not in PLA jurisdiction. I haven't done anything to piss either government off, but I'd rather go with the system that's been backdoored by the goons half a world away than the goons who could, with the stroke of a pen, become MPAA/RIAA's copyright enforcers.

  4. Re:In other words, the service is going to die. by supremebob · · Score: 3, Insightful

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

  5. Re:Lenovo phones by Anonymous Coward · · Score: 2, Funny

    The best part is that if your phone is somehow damaged, a Chinese intelligence agent will sneak in and replace it for you, free of charge.

  6. Re:selling their handset division by BarbaraHudson · · Score: 2

    Blackberry is rumoured to consider selling their handset division

    So, Blackberry, after changing their name to Blackberry would no longer be making or selling... Blackberrys.

    That's right, and it makes sense. They tried to get Lenovo to buy them in 2013, and that didn't pan out, because of IP issues. Now, if they sold just the handset division and the brand name, they could resurrect the Research in Motion brand, and emphasize their services division, which they've been beefing up via acquisitions. In other words, they want to do with their phones what IBM did with their laptops. Get rid of a low-margin hardware business with high inventory requirements and concentrate on high-margin services.

    --
    "Transparent" is a shit show that trades on every stereotype going. A man in drag is NOT a transsexual.
  7. Re:Lenovo phones by BarbaraHudson · · Score: 2

    RIM were beaten by their own cowardice. Just hours before they were due to win, they caved in and signed a deal with the patent troll.

    Then they began giving governments backdoor access. Saudi Arabia (not exactly known for their human rights) was the first. That is when RIM should have said "no." That, and the switch to QNX a few months prior, started the slide down the slippery slope.

    With a wounded brand AND an odd-ball os, what could possibly go wrong? Turns out, pretty much everything.

    --
    "Transparent" is a shit show that trades on every stereotype going. A man in drag is NOT a transsexual.
  8. flush with cash by roman_mir · · Score: 2

    The Chinese have so much productive capacity that they managed to accumulate gigantic piles of cash that came from the West and obviously they can't do anything with it except buy Western businesses. This is accelerating as expected as the Chinese are trying to get rid of their foreign cash reserves in exchange for solid assets. Soon enough the equation will balance itself out, when the Chinese have all the productive assets (real capital) and the rest of the world will be supplying cheap labour.