Lenovo eyeing BlackBerry

Captain · 10-18-2013, 02:16 PM · 1 person reading this discussion

#1
BlackBerry Ltd. BBRY +1.28%  saw its shares rise more than 1% to $8.21 on Thursday afternoon following a report in the Wall Street Journal that Chinese PC maker Lenovo is considering making a bid for the troubled smartphone maker. The report, based on unnamed sources, said Lenovo has signed a non-disclosure agreement so it can go over BlackBerry's books in preparation for a possible bid. BlackBerry is already under a pending buyout deal with Fairfax Financial for $9 per share, though that deal effectively allows the company to shop itself around for a better price.

#2
imagine this company has to beg for a buyer

#3
Not surprising considering the kind of losses BB has been making for a while now.

From The Archives

Older threads about similar topics


Users browsing this thread: 1 Guest(s)