A source familiar with the matter, has toldBenzinga
that China's Lenovo Group LimitedLNVGY
could make an offer to acquire Canadian mobile communications company, BlackBerry LimitedBBRY
, as early as this week. The source said Lenovo's first offer would be $15.00 per share, with a deal ultimately getting done around $18.00 per share. Lenovo'sCFO Wong Wai Ming
said in January 2013, that BlackBerry (still known as Research in Motion at that time) was one of many possible opportunities for the company. BlackBerry played down the comment. Later that year, theCanadian government reportedly blocked a potential BlackBerry deal with Lenovo
, due to national security concerns. Lenovo announced Wednesday, the creation of a new company focused on internet-based smart devices, to be launched on April 1, 2015. The company will operate under a separate name and brand. A spokesperson for BlackBerry toldBenzinga
on Saturday, the company does not comment on rumors or speculation. A Lenovo spokesperson was not immediately available for comment. BlackBerry closed Friday at $9.49, a gain of 2%.
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.