Saturday, October 19, 2013

Lenovo Signs Agreement to evaluate the purchase of BlackBerry - Administrators

Euan Rocha, Reuters October 18, 2013, at 8:20 am

The personal computer maker Lenovo Group Ltd has signed an agreement to examine the balance sheets of troubled Canadian manufacturer BlackBerry Ltd, the newspaper reported the Wall Street Journal reported on Thursday, citing undisclosed sources.

pioneer of smartphones, the BlackBerry said in August that it was exploring options that could include a sale.

An offer of the Chinese company bother the Canadian government, which prohibits the purchase by foreign companies to ensure that local companies support the national interest and not threaten the internal security. The Industry Minister James Moore, declined to comment.

Shares of BlackBerry varied little with the news. The BlackBerry, based in Waterloo, Ontario, virtually invented mobile email with your first e-mail pagers, but lost market share to rivals.

His most recent results showed disappointing sales for a new line of handsets that the company initially saw as a key to regain competitiveness.

BlackBerry has received an offer of $ 9 per share last month to a consortium led by the greatest investor of the company, Fairfax Financial Holdings Ltd, which wants to buy the BlackBerry for 4.7 billion dollars and close their capital.

Earlier this month, the co-founders Mike Lazaridis and Douglas Fregin also said they were considering making an offer. Others are also looking at the balance sheets of the company to decide whether or not to make an offer, the sources said.

Lenovo executives more than once expressed the company’s interest in buying the BlackBerry or parts of the company, as this would boost business smartphone Chinese company. A spokesman for Lenovo declined to comment on the report.

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