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WSJ: Lenovo looks at BlackBerry's books ahead of possible buyout bid

updated 04:37 pm EDT, Thu October 17, 2013

Examination performed under non-disclosure agreement

Lenovo has reportedly signed a non-disclosure agreement to take a close look at BlackBerry's finances, unnamed sources have told Wall Street Journal (sub. required). The leak is the second report pointing to such talks, fueling speculation that the Chinese company is still considering a potential bid for the struggling smartphone maker.

The report arrives just one week after separate rumors suggested Lenovo was looking into a possible HTC acquisition. Both HTC and BlackBerry have encountered difficulty competing in the smartphone arena, though the former only recently posted its first quarterly loss since going public.

Lenovo already has several smartphone offerings, however the company has been apprehensive to expand its distribution focus beyond the Chinese market. Chief Financial Officer Wong Wai in January first noted interest in BlackBerry, known then as Research In Motion, noting that his company will have "no hesitation" to make an acquisition or form a strategic venture to help build its mobile business.

FairFax Financial committed to a $4.7 billion bid earlier this year, however the investment firm failed to collect enough funding to follow through with its offer. Separate reports suggest BlackBerry may be forced to split apart and sell separate assets, such as its messaging platform and its patent portfolio.




by MacNN Staff

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