Report: Lenovo considering acquisition of BlackBerry

A deal with the Chinese company would likely face close regulatory scrutiny

China's Lenovo Group is considering a bid for struggling smartphone maker BlackBerry, according to The Wall Street Journal.

The newspaper, quoting "people familiar with the matter," said the Chinese electronics company had signed a non-disclosure agreement with BlackBerry that allows it to examine the Canadian company's financial accounts.

BlackBerry could not immediately be reached for comment.

BlackBerry put itself up for sale earlier this year after its BlackBerry 10 operating system and a new line of smartphones failed to gain traction with users. The company is still pushing the platform and has had some limited success, but stands fourth in the market behind Android, Apple's iOS and Windows Phone.

There remains a large number of corporate and government customers using BlackBerry's platform, so any acquisition would likely face close scrutiny from regulators.

That scrutiny could be especially high since Lenovo is based in China. Last year, the U.S. House Intelligence Committee suggested that the use of telecom network equipment produced by two Chinese companies, ZTE and Huawei, posed a national security threat to the U.S.

Two other parties have already expressed an interest in BlackBerry.

One, Fairfax Financial Holdings, has already reached a preliminary US$4.7 billion deal with BlackBerry to buy the company but it has yet to be finalized. Recently Mike Lazaridis, one of the co-founders of BlackBerry, said he is working with a group that could be interested in acquiring the company.

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags smartphonesMergers and acquisitionsBlackberrybusiness issuesLenovoconsumer electronicsThe Wall Street Journal

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Martyn Williams

IDG News Service
Show Comments

Cool Tech

Breitling Superocean Heritage Chronographe 44

Learn more >

SanDisk MicroSDXC™ for Nintendo® Switch™

Learn more >

Toys for Boys

Family Friendly

Panasonic 4K UHD Blu-Ray Player and Full HD Recorder with Netflix - UBT1GL-K

Learn more >

Stocking Stuffer

Razer DeathAdder Expert Ergonomic Gaming Mouse

Learn more >

Christmas Gift Guide

Click for more ›

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?