Shares is RIM skyrocketed on news that Lenovo is interested in acquiring the company. Lenovo is quoted in China as saying that they are looking at many options in mobile growth and one of them is the acquisition of RIM, makers of the BlackBerry.
The interest has got as far as Lenovo having already talked to RIM and it’s consultants about entering into a joint venture.
Acquisition of RIM by Lenovo would need to follow strict regulatory requirements from the Canadian government and may be difficult as Canadian prime minister Stephen Harper once described the company as a ‘crown jewel’ of the country. It is therefore expected that any attempted acquisition would meet strong opposition from parts of the government.
RIM has fallen far from it’s hey day due to delays in product launches and the rise of Apple and Android. Their has been some recent optimism in the company, however, since they will shortly be releasing their new BlackBerry platform.
Lenovo would be a powerful partner for RIM and would have a lot to offer. Lenovo have great products for sale and they often have a Lenovo coupon for consumers on their website.