Lenovo may buy RIM to boost smartphone business
Lenovo, the world’s second biggest PC manufacturer, has confirmed that it is officially interested in buying out RIM
Lenovo, now the world’s second largest PC-maker, is giving serious consideration to buying out RIM, following RIM CEO Thorsten Heins’ comments about selling off his company’s hardware division after the launch of BlackBerry 10.
Bloomberg is reporting that Lenovo's CFO, Wang Wai Ming, told the World Economic Forum in Davos on Thursday that Lenovo is now considering many options for improving its mobile division – and one of them is a buy-out of RIM.
‘We are looking at all opportunities — RIM and many others,’ said Ming. ‘We’ll have no hesitation if the right opportunity comes along that could benefit us and shareholders.’
Ming said that Lenovo already ‘has a team working on possible acquisitions’ and that it ‘has spoken to RIM and its bankers about various combinations or strategic ventures,’ according to Bloomberg’s report.
There’s no word on when Lenovo will be making an official offer or how much it’d be for. RIM’s share price has rocketed in recent months following a better-than-expected network reaction to the company’s upcoming BlackBerry 10 platform.
RIM has yet to offer any official comment on the prospect of a Lenovo buy-out.
RIM launches BlackBerry 10 on January 30. Know Your Mobile will be in attendance, so stay tuned for that one. It’s shaping up to be quite an event!