Is Lenovo Going To Buy Research In Motion?

| January 26, 2013 | Reply

It seems Lenovo have shown a key interest in purchasing Research In Motion (RIM). That sent the shares in RIM to soar Thursday.

Image representing Research In Motion as depic...

Image via CrunchBase

RIM, the Canadian mobile phone manufacturer and also maker of the once so popular BlackBerry smartphone has had a torrid time of late with lack of sales and lack of profits. Their share price has dropped dramatically within the last year, fueling rumours that they could be bought out at any time.

Lenovo’s chief financial officer said that their team had been looking at possible acquisitions and had held various discussions with RIM and their bankers about a deal or possible joint venture.

We are looking at all opportunities, RIM and many others,” Wong Wai Ming told Bloomberg in Davos during the World Economic Forum. “We’ll have no hesitation if the right opportunity comes along that could benefit us and shareholders.

Take a look at our latest review on the Blackberry Z10. The flagship mobile that’s meant to save Blackberry

Whether this happens or not is anyone’s guess. Analysts in the city aren’t really shouting at the rooftops about the possibility of this happening and don’t like RIM’s prospects in the longer term. They believe that the competition from the likes of Apple and Samsung is just too strong for the Canadian company where their small market share in business phones is being eaten into at an alarming rate.

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Category: News, RIM

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