Canadian Blackberry maker Research In Motion (RIM) could be a potential acquisition target for Lenovo.
Speaking at the World Economic Forum in Davos, Lenovo’s CFO said the Chinese PC-maker was looking at RIM “and many others” and that the company…
Canadian Blackberry maker Research In Motion (RIM) could be a potential acquisition target for Lenovo.
Speaking at the World Economic Forum in Davos, Lenovo’s CFO said the Chinese PC-maker was looking at RIM “and many others” and that the company would not hesitate if the right opportunity came along, Bloomberg reported.
RIM mandated JP Morgan and RBC Capital Markets to explore its strategic alternatives last May but as yet there has been no significant change in direction from the Waterloo, Ontario-based company.
In a recent interview with German daily Die Welt RIM CEO Thorsten Heins had confirmed that the strategic review was ongoing.
He described a sale of the hardware production business as an option, but also noted that RIM was currently focussing on the rollout of the next generation of Blackberry devices and that any further decisions would be made later.
Last August a report suggested that IBM was interested in acquiring RIM’s network operations centres, which consist of servers that secure and compress content delivered to its devices.
The Blackberry-maker’s share price had been declining for a number of years, but its price has risen by 175% since its nadir last September when it dropped to US$6.46. Its stock closed at US$17.74 on 24 January.
The launch of Blackberry 10, encompassing a new operating system and handsets, is expected at the end of the month.
