Oct 17, 2013
By Michael Kramer
Chinese computer maker Lenovo is looking at the possibility of buying Blackberry.
The Wall Street Journal reported that unnamed sources have told it that Lenovo is considering a bid for the struggling smartphone maker, and has signed a non-disclosure agreement so it can go over BlackBerry’s finances.
This potential bid comes after Fairfax Financial – BlackBerry’s largest shareholder, made a conditional takeover bid worth US$9 per share, valuing the company at US$4.7 billion.
BlackBerry co-founders Mike Lazaridis and Douglas Fregin are also looking at making a potential takeover bid. Together, Lazaridis and Fregin own roughly an eight per cent stake in BlackBerry, while Fairfax holds about 10 per cent
Blackberry shares closed at $8.23 . That’s up .37 percent.