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Lenovo likely to buy parts of BlackBerry only - Reuters

  • Lenovo (LNVGF.PK) will probably just try to acquire parts of BlackBerry (BBRY) rather than the whole company, Reuters reports, due to regulatory concerns.
  • The news agency's article is in contrast to a WSJ report that said that the Chinese computer maker is "actively considering a bid for all of BlackBerry."
  • Reuters didn't specify what the regulatory concerns are but did cite experts who believe that BlackBerry's secure network would probably be sold to a North American buyer because of security issues, especially as the U.S. government is a major customer.
Comments (11)
  • ciolan
    , contributor
    Comments (193) | Send Message
     
    Of course. The WSJ report made no sense and actually got me worried that Lenovo was just playing, knowing they have no chance/ very little chance of getting a full buyout approved, and also not sure they have the cash to buy it in full.

     

    Now, they could buy the handset business and license the patents for 2B, that would be fine by me, they will also take all the pending liabilities. Am I dreaming? We'll see.
    18 Oct 2013, 02:05 AM Reply Like
  • Randal James
    , contributor
    Comments (2318) | Send Message
     
    ciolan

     

    While none of us has any way of being authoritative on what is actually going to happen, this is sure a way of letting everyone ELSE know you are serious. "PW, still a billion short? Got it right here." Or paired with another offer altogether. Not a time for breaking out the champagne but has a good positive vibe. I could see them being interested in having phones in their catalogue. Servers? The technology seems to shift all the time. Phones do too, but at least you can easily follow the trends. [Unless you live in a northern climate.]
    18 Oct 2013, 02:21 AM Reply Like
  • pytiz
    , contributor
    Comments (123) | Send Message
     
    "Lenovo will probably just try to acquire parts of BlackBerry (BBRY) rather than the whole company"

     

    Wth...nowhere in reuters article is this explicit.... SA why does it appear to be a clear manipulation of facts towards bbry news here???
    18 Oct 2013, 03:22 AM Reply Like
  • jcllier3
    , contributor
    Comments (33) | Send Message
     
    Wth.... it's explicit in the first line of the article

     

    (Reuters) - Chinese computer maker Lenovo, which has signed a non-disclosure deal to examine BlackBerry's books, faces regulatory obstacles if it bids for all of the company and will likely pursue just parts, a source familiar with the matter said on Thursday.
    18 Oct 2013, 09:17 AM Reply Like
  • Patent News
    , contributor
    Comments (1312) | Send Message
     
    blackberry is toast if lenovo can not buy them
    18 Oct 2013, 05:47 AM Reply Like
  • mvermaak
    , contributor
    Comments (267) | Send Message
     
    I said blackberry is like the only pretty lady in a room full of me and bound to receive attention
    Lenovo is the first but wont be the last of the tech companies showing interest
    This is about to get very interesting regardless of the negative spin
    18 Oct 2013, 06:05 AM Reply Like
  • Randal James
    , contributor
    Comments (2318) | Send Message
     
    "only pretty lady..."

     

    Barkeep, I'm afraid you'll need to cut my friend here off...
    18 Oct 2013, 08:58 AM Reply Like
  • usajordi
    , contributor
    Comments (207) | Send Message
     
    STOP here please, this is urgent matter!
    Ref. PW offer!
    I think PW has to come forward immediately to certify with letters on hand by major Banks or Institutions that he has all the financing approved and that he is buying the company at 9 $ share before the end of next week, or his offer should be considered of no validity and he should be paid nothing, that is ZERO!
    At the same time he can just say sorry I am not buying, walks away and pays no penalty, will had caused serious damage to the shareholders, investors and the people at BBRY!
    Is very possible that he prepared the letter of the bid with the help of TH and others insiders at BBRY with the sole intention to pocket the 150 Million and then sharing the money with them!
    A break up fee should be paid only is somebody has lined up all financing, has paid commitment fees to the lenders providing the funding, and is putting a big deposit in escrow, that he can lose if don't come forward or close on the deal.
    Then some break up fee is justified. I would say for the size of this deal maybe 50 Million and never 150!
    But as PW said I am not putting more money myself and he has not said yet that had closed his financing than his offer is worthless as of today!
    More than that could be considered in some countries an intent of committing fraud and could be a serious crime for all the people involved, as (if is showing that he never intended to come forward, had not approached serious lenders, and his intention was only to defraud shareholders with 15O Million) could be a much bigger crime than a tip on a takeover that gets some people many years behind bars!
    Lawyers in Canada please comment from your legal point of view because now is the time to ring all the alarms before is too late!
    18 Oct 2013, 09:16 AM Reply Like
  • june1234
    , contributor
    Comments (2492) | Send Message
     
    they don't want the debt part thats for sure
    18 Oct 2013, 10:39 AM Reply Like
  • XTigerX
    , contributor
    Comments (229) | Send Message
     
    hmmm...lots of vultures circling....there must be a corpse around.
    18 Oct 2013, 11:05 AM Reply Like
  • anstin
    , contributor
    Comments (34) | Send Message
     
    Hedgies and day traders are well connected & dedicated to keep the share price below $8.50 range, though Lenovo mgmt doesn't care about these bashers. Lenovo waited until yesterday to get cleared so as to Bbry Mgmt has successfully courted Canadian Govt & US govt to respond positively in Lenovo deal. It seems like both govts don't want to rewrite the Nortel era again in bbry case. As such Canada & USA approves $15B Chinese takeover of Nexen-CNOOC deal. It varies case by case scenario
    18 Oct 2013, 04:33 PM Reply Like
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