BlackBerry shares rise amid reports of acquisition by Lenovo
On Monday, reports of Lenovo making a bid for the Canadian phone maker filled the web. The ripple effect was the BB’s shares multiplied by 3 percent in worth — that’s what you get when popular Chinese company with a lot of money in their pockets are coming for your company.
Analysts now predict that BlackBerry stock could rise up to $15 per share by the end of this week. This is not the first time Lenovo indicated interest in purchasing BlackBerry. In 2013, the world’s largest PC maker were said to be interested but after some time, the zeal died down, and along it came the morale of FairFax investment group who also wanted to acquire BB at that time for $4.7 billion.
BlackBerry recently introduced the BB Passport which the Canadians say they want to revamp their phone business. The company earlier seeded their BlackBerry Messenger to Android, iOS and Windows Phone to avoid the total collapse of the highly-valued social networking platform.