Lenovo’s BlackBerry Acquisition: Debunked Again?

on March 13 2013 1:27 PM

It’s the same story once more. Rumors of an acquisition of BlackBerry (NASDAQ:BBRY) by Lenovo have surfaced once before and were quickly rebuffed, and a recent round of rumors received the same treatment. They surfaced briefly only to be put on the back burner again.

In January, Lenovo CFO Wong Wai Ming hinted at the possibility of an acquisition of BlackBerry — then still known as Research In Motion — by referring to the company’s mergers and acquisitions strategy. But, that comment was dismissed by Lenovo as speculation and possible misinterpretation. The company was simply open to the consideration of a deal, not actively pursuing one.

Later, in early March, Lenovo CEO Yang Yuanqing said something that also could sound like the company was considering a BlackBerry acquisition. Yang noted that a BlackBerry deal “could possibly make sense, but first I need to analyze the market.”.

Wishful thinking turned out to be just that. BlackBerry’s stocks went up almost 12 percent as the rumor spread, but that may be all that comes of it.

A Lenovo spokesman, Brion Tingler, said that “There is not and has not been any specific evaluation or activity underway regarding BlackBerry.” Considering that Yang said the Lenovo would need to analyze the market first, it would seem the company hasn’t even taken the first step towards a deal with BlackBerry.

As BlackBerry struggles in the shadows of Apple (NASDAQ:AAPL) and Google (NASDAQ:GOOG), a partnership with Lenovo, the world’s second-largest PC maker and China’s second-most popular smartphone maker, could do the company wonders. But, it may remain a floating rumor for a while longer

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