Lenovo Will Allegedly Attempt To Acquire BlackBerry This Week

By 01:38 Thu, 22 Jul 2021 Comments

According to a recent report, Lenovo might create a bid for the BlackBerry at some point this week. The troubled Canadian manufacturer has been showing signs of resurgence over the past few weeks.

Reportedly, Lenovo is willing to pay in the ballpark of $15-$18 for each BlackBerry share. The latter’s price is currently hovering around $10. Unsurprisingly, neither Lenovo, nor BlackBerry has confirmed or denied the report.

A potential deal will imprint yet another high-profile acquisition for Lenovo. The Chinese tech giant is about to wrap up its purchase of Motorola in the near future.

Overall, the rumor marks a busy week for Lenovo’s and its smartphone business. Last week the manufacturer also announced that it will launch a recent brand of mobile devices that will compete with the likes of Xiaomi using an internet-based business model.

Source | Via



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