Skip to main content

Lenovo may buy BlackBerry

Lenovo is considering making a deal with Research in Motion, in the shape of an acquisition or a long-term partnership, according to Wong Wai Ming, the firm’s Chief Financial Officer. The news comes from a Bloomberg interview with Wong, where he admitted there had already been conversations between Lenovo and RIM’s financial advisors; however no decisions had been made on either side.

The fact discussions haven’t progressed past an early stage isn’t a surprise: Research in Motion has BlackBerry 10 less than a week away from launch, and it’s attracting plenty of positive attention. However, RIM’s CEO Thorsten Heins remains realistic about the effect BlackBerry 10 could have on the company’s fortunes, saying recently he’s still open to forming strategic partnerships through licensing the software, or an outright sale of RIM’s hardware division if things don’t go according to plan.

As for Lenovo, Wong said it’s, “Looking at all opportunities – RIM and many others,” before adding, “We’ll have no hesitation if the right opportunity comes along that could benefit us and shareholders.” Lenovo isn’t afraid of making big, bold purchases either, having snapped up IBM’s PC division for a total of $1.75 billion in 2004, and it has a team dedicated to exploring potential acquisition opportunities.

Lenovo’s smartphone future

Bloomberg notes Lenovo may not have an easy time if it does decide to make a bid for RIM in the future, not only because of security concerns similar to those held against Huawei and ZTE, but also because the Canadian government will review any potential takeover of this size; and it has already stated it would prefer RIM to grow without external interference.

Lenovo is keen to expand its smartphone business. At the moment, Lenovo holds second position in the Chinese smartphone market, with Samsung in first place. In December last year, CEO Yang Yuanqing said the next stage for the company was to head out into other emerging markets before tackling the established markets in the U.S. and Europe. At CES 2013 Lenovo announced the K900, a 6.9mm thick tablet/smartphone hybrid with a 5.5-inch, 1080p touchscreen, a 2GHz Intel Atom processor and a 13-megapixel camera. With hardware like this in its range, smartphone fans would likely welcome Lenovo with open arms.

Movement on a deal with RIM isn’t expected to come soon though, as the company will want to see how BlackBerry 10 is received before making any decisions. An analyst from MKM Partners told Bloomberg if RIM decides to get out of the hardware game, it won’t be for, “Several quarters,” yet. Research in Motion will debut its BlackBerry 10 phones and software on January 30.

Editors' Recommendations

Blackberry trailer depicts the rise and fall of the iconic phone
Two men stand next to each other in Blackberry the movie.

Before iPhones and Androids took over the world, there was the Blackberry. Armed with its signature keyboard and internet access, the story of the unprecedented rise and catastrophic fall of the company is chronicled in Blackberry, which released its official trailer on Wednesday.

Jay Baruchel stars as Mike Lazaridis, the founder of Blackberry. Along with Douglas Fregin, played by director Matt Johnson (Operation Avalanche), the duo is approached by Jim Balsillie (It's Always Sunny in Philadelphia's Glenn Howerton), who would help turn Blackberry from a fascinating idea to a billion-dollar company. The relationship between Lazaridis and Balsille became rocky toward the end as the company faced competition from Apple and Google.

Read more
5 things we’d love to see at Google I/O 2023 (but probably won’t)
Google Pixel Watch on a wrist.

Google's annual developer conference, Google I/O, kicks off on May 10. Don't let the words "developer conference" put you off, though, as Google I/O is one of the biggest and most exciting shows of the year.

We've already covered what we expect to see at Google I/O 2023, and that list includes the Pixel 7a, Android 14, and even a Google Pixel Fold. But although those are all things we're really looking forward to and expecting to see, there are a number of reveals we'd also love to happen ... but are extremely unlikely to appear on the grand stage.

Read more
Why the $450 Samsung Galaxy A54 may be 2023’s most savvy smartphone buy
The green and purple Galaxy A54's camera modules.

-Samsung’s Galaxy A Series has long been a great choice for people who want Galaxy S Series style without the S Series price. The Galaxy A54 and Galaxy A34 are the latest, and Samsung isn’t being shy about giving these phones the latest flagship look.

Even better news is that the A54 continues to provide a great screen, long battery life, a decent camera, and solid everyday features you’ll love — all for a value-driven price. Could the new Galaxy A54 phone be 2023’s savviest smartphone buys? I tried it out for a short time to find out.
Getting the Awesome colors right

Read more