Lenovo rumored to announce BlackBerry acquisition, this week

Lenovo is rumored to make a public bid for BlackBerry this week.

@anthony256

Published Oct 21, 2014 12:35 AM CDT
Updated Nov 3, 2020 1:14 PM CST

37 seconds read time

Lenovo is really hitting a stride lately, especially with their great Yoga range of slates and Ultrabooks, but what about smartphones? The latest rumor is that the Chinese electronics giant will announce an acquisition bid for Canadian phonemaker, BlackBerry... this week.

Lenovo rumored to announce BlackBerry acquisition, this week | TweakTown.com

Unnamed sources have talked with Benzinga.com, a financial news site, that Lenovo is going to offer BlackBerry $15 per share, which is a premium over the $9 or so that its stock has been trading at lately. If BlackBerry declines the first offer, Lenovo will reportedly back it up with an increased offer of $18 per share.

Both Lenovo and BlackBerry have declined to comment on the rumors so far, but this isn't the first time they have been floating around. We heard about this back in October last year, but nothing happened. The issue was that the Canadian government wouldn't give its approval for Lenovo to acquire BlackBerry due to national security concerns.

NEWS SOURCE:techspot.com

Anthony Garreffa

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering and has recently taken a keen interest in artificial intelligence (AI) hardware.