Scalper1 News
As it nears completion of its purchase of Google ‘s (GOOGL) Motorola Mobility unit, China’s Lenovo reportedly is showing interest in another unloved business: faded smartphone maker BlackBerry. BlackBerry (BBRY) stock jumped 8.5% to 10.30 on a report Monday that Lenovo could make a play for the Canadian handset maker. Benzinga.com, citing an unnamed source familiar with the matter, said an offer worth $15 a share could come as early as this week, Reuters said. Similar rumors about a Lenovo acquisition of Blackberry have circulated many times over the last two years, Reuters said. Lenovo has been the world’s No. 1 PC maker since Q2 2013, building on its strong brand in China and its 2005 acquisition of IBM’s (IBM) personal computer business. In the third quarter this year, Lenovo extended its global lead to 20% market share, followed by Hewlett-Packard (HPQ) with 18.8%, research firm IDC said…. Scalper1 News
Scalper1 News