Lenovo Ready To Purchase Research In Motion?
Lenovo Ready To Purchase Research In Motion?
Research In Motion has been the root of many acquisition rumors ever considering that the firm began bleeding funds and losing smartphone marketplace share. This week the newest rumor comes directly from Lenovoâs CFO Wang Wai Ming.
Speaking to Bloomberg at the Globe Financial Forum meeting in Davos, Ming explained that Lenovo is examining the smartphone manufacturer as a prospective acquisition or maybe a strategic alliance companion.
Rumors have circulated for months that RIM would try to sell off its mobile telephone manufacturing division and instead concentrate on computer software creation.

Final week RIM CEO Thorsten Heins told Die Welt that RIM was taking into consideration the selection of licensing its BlackBerry ten OS to 3rd celebration companies. Heins also revealed during his interview that promoting the companyâs hardware production division was a distinct possibility.
Lenovo has because come forward as a potential purchaser. According to Wong:
âWe are seeking at all opportunitiesâ"RIM and many other people. Weâll have no hesitation if the proper chance comes along that could advantage us and shareholders.â
Wong also revealed that Lenovo has currently spokenw ith RIM about a variety of bargains that could move forward below the appropriate circumstances.
Lenovo is hardly the very first company to be rumored towards a Lenovo deal, back in 2011 Amazon was seen as a possible buyer. In 2012 Samsung was also rumored to be eyeing RIMs smartphone manufacturing division.
TechCrunch notes of the feasible buyout:
âA takeover of RIM by a Chinese company would definitely raise security questionsâ"especially for the business after described as a Canadian âcrown jewelâ by Prime Minister Stephen Harper. And back in July, RIM CEO Thorsten Heins stated that the company has pulled back from expanding its China operations simply because of concerns over guarding its sensitive networks.â
If a deal in between BlackBerry and Lenovo occurs it almost certainly wonât move forward till the accomplishment of BlackBerry ten can be gauged by way of its public release.
[Image via androidpolice]
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