Lenovo considering buying BlackBerry maker RIM

Lenovo is considering a takeover bid for Canadian BlackBerry maker RIM, which is just about to launch its latest operating system version and product line.

Lenovo is considering a takeover bid for Canadian BlackBerry maker RIM, which is just about to launch its latest operating system version and product line.

 
A top executive at the Chinese computer hardware firm confirmed that it was looking at RIM as a possible acquisition in the future, revealing that Lenovo and RIM have already held talks, and they have also been in discussions with banks to fund the move.
 
“We are looking at all opportunities – RIM and many others,” said Wong Wai Ming, CFO of Lenovo, in an interview with Bloomberg. “We'll have no hesitation if the right opportunity comes along.”
 
 Lenovo considering buying BlackBerry maker RIM
 
Lenovo catapulted itself into the PC market in 2005 when it bought IBM's PC division, and many consider it a viable contender for the top spot in the sector. The purchase of RIM could do the same for its position in the smartphone and tablet markets, largely ruled by Samsung and Apple.
 
The Chinese firm may find it difficult to buy RIM, however, thanks to tough regulations in the US and Canada's intense pride in the firm. A deal could be made even harder to achieve if BlackBerry 10 is a major success, as RIM might be less willing to hand over the reins.
 
Shares for RIM were up 2.2 percent as a result of the acquisition rumours.
 
Source: Reuters