Lenovo responds to acquisition of BlackBerry Rumors: won't buy for acquisitions

The Beijing Times News (reporter Jiang) said Lenovo Group is actively considering a takeover offer for BlackBerry, and the two sides have signed a confidentiality agreement, Lenovo can view the BlackBerry's accounts. However, Lenovo's financial officer, Wong, yesterday vaguely responded that Lenovo would not buy for acquisitions. In September this year, the BlackBerry announced that the company has in principle reached a takeover agreement with Canadian insurer Fairfaxfinancial, which will buy the BlackBerry at $9 a share, the total value of which will be $4.7 billion trillion, and the deal is expected to be completed by November 4. Before that, BlackBerry could still consider other potential takeover intentions. Lenovo, which has just taken the position of the world's fourth-largest expert machine maker in the second quarter, has been forced to slow its march into the smartphone market in Europe and America, subject to brand and proprietary technology. Therefore, BlackBerry, HTC and other "grabs" mobile phone brands have and Lenovo out of "gossip." In January this year, Wong said at the World Economic Forum in Davos that Lenovo was evaluating potential acquisitions and strategic alliances to strengthen its mobile business, including BlackBerry. But Wong said yesterday: "We will not buy for the acquisition." Even if opportunities arise and acquisitions make sense to us, we may not be able to make acquisitions. "There are analysts in the industry, BlackBerry has two big advantages that Lenovo lacks in the mobile business: one is a large number of communications patents, the BlackBerry has 5236 patents in the US, and the corporate market, which once occupied 70% per cent of the government and business sector mobile phone market in North America.