Reuters: Technology News: Lenovo signs non disclosure deal to look at BlackBerry: WSJ

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Lenovo signs non disclosure deal to look at BlackBerry: WSJ Oct 17th 2013, 19:31 Tweet Share this Email Print Reprints The logo of Lenovo is seen on a computer monitor during a news conference in Hong Kong May 27, 2010. Credit: Reuters/Tyrone Siu TORONTO | Thu Oct 17, 2013 3:31pm EDT TORONTO (Reuters) - Chinese personal computer maker Lenovo has signed a non-disclosure deal to examine the books of troubled Canadian smartphone maker BlackBerry Ltd, the Wall Street Journal said on Thursday, quoting unnamed sources. Smartphone pioneer BlackBerry said in August it was exploring strategic options that could include an outright sale. It has received a tentative $9 a share offer from a consortium led by its largest investor, Prem Watsa's Fairfax Financial Holdings Ltd, which wants to buy BlackBerry for $4.7 billion and take it private, and other companies are also taking a look at the company's books to decide whether to make an offer, industry sources say. A Chinese bid for BlackBerry would likely face opposition from the Canadian government, which vets foreign takeovers to ensure they are in the national interest, and that they do not threaten national security. BlackBerry products have struggled to compete against the Apple Inc iPhone and the numerous devices powered by Google Inc's Android operating system. A new line of smartphones that run on the BlackBerry 10 operating system has also failed to re-ignite sales, prompting the company last month to announce that it would slash its global workforce by more than a third. (Reporting by Janet Guttsman. Editing by Andre Grenon) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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