Friday October 18, 2013 12:06 AMSTERDAM (Dow Jones) – Lenovo Group Ltd.. (0092.HK) is actively considering whether it wants to bring the ailing Canadian smartphone manufacturer Blackberry Ltd.. A bid (BB.T), make people familiar with the matter. This is one of the last signs of the great interest of Chinese companies in overseas acquisitions.
The Chinese PC manufacturer has signed a “nondisclosure” agreement that the company allows to see the books of Blackberry said one of the people, which Lenovo connect in line potential bidders on Blackberry, which has put himself in the shop window .
Spokesmen for both Blackberry and Lenovo, the world’s largest PC manufacturer, declined to comment.
A takeover of Blackberry Lenovo would be one of the largest and most remarkable Chinese acquisitions of a Western company. It would again emphasize the desire of Chinese companies to larger players in the West, where they can gain a larger range of products they offer.
To their customers both industrial knowledgeThe bids are expected to Blackberry November 4 inside, said one of the people familiar with the matter.
A possible acquisition would otherwise almost certainly meet resistance from both the Canadian and U.S. governments. Blackberry example produces 470,000 of the total 600,000 mobile devices from the U.S. Department of Defense, says a Pentagon spokesman. In all, more than 1 million Blackberry in use by U.S. personnel, says the company, including President Barack Obama.
The Committee of Foreign Investment, which only looks at the risks to national security, will almost certainly look to an acquisition by Lenovo. A spokesman for the Treasury Department reported not to respond to cases under investigation.
A spokeswoman for the Canadian industry minister, James Moore, who is officially responsible for approval of a foreign bid on Blackberry, reports that the Canadian government is aware of the potential sale, but did not elaborate on the process
The Chinese PC manufacturer has signed a “nondisclosure” agreement that the company allows to see the books of Blackberry said one of the people, which Lenovo connect in line potential bidders on Blackberry, which has put himself in the shop window .
Spokesmen for both Blackberry and Lenovo, the world’s largest PC manufacturer, declined to comment.
A takeover of Blackberry Lenovo would be one of the largest and most remarkable Chinese acquisitions of a Western company. It would again emphasize the desire of Chinese companies to larger players in the West, where they can gain a larger range of products they offer.
To their customers both industrial knowledgeThe bids are expected to Blackberry November 4 inside, said one of the people familiar with the matter.
A possible acquisition would otherwise almost certainly meet resistance from both the Canadian and U.S. governments. Blackberry example produces 470,000 of the total 600,000 mobile devices from the U.S. Department of Defense, says a Pentagon spokesman. In all, more than 1 million Blackberry in use by U.S. personnel, says the company, including President Barack Obama.
The Committee of Foreign Investment, which only looks at the risks to national security, will almost certainly look to an acquisition by Lenovo. A spokesman for the Treasury Department reported not to respond to cases under investigation.
A spokeswoman for the Canadian industry minister, James Moore, who is officially responsible for approval of a foreign bid on Blackberry, reports that the Canadian government is aware of the potential sale, but did not elaborate on the process
. – By Dana Mattioli, Dana Cimilluca and Liz Hoffman (with a contribution by Will Connors and Paul Vieira), translated and edited by Elco van Groningen, Dow Jones Newswires; +31-20-5715200; elco.vangroningen @ wsj.com
(END) Dow Jones Newswires
October 18, 2013 06:06 ET (10:06 GMT)
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