Lenovo Denies RIM Buyout Rumours

By the end of last week, there were speculations that Lenovo could take over Research In Motion. Lenovo is the world's number two PC manufacturer, and this outcome would not surprise many with the wake of smartphones and tablets. Even though the company rose to be the number two smartphone maker in China in 2012, it has a lot of work to do if it wants to become a serious player in the smartphone market.

Lenovo's CFO said that they are looking at all opportunities, RIM and many others. Even though RIM is not doing the best, we will not see this outcome. After Bloomberg reported rumours about the acquisition, the Chinese PC maker has issued a statement denying all of that.

"In general, we do not comment on M&A rumours or speculation.

We are aware that Lenovo's CFO [Wong] Waiming was speaking broadly about M&A strategy in a recent interview. RIM was raised as a potential target by the journalist and Mr. Wong repeatedly answered in a manner consistent with all of our previous statements on M&A strategy: Lenovo is very focused on growing its business, both organically and through M&A. When inorganic ideas arise, we explore them to see if there is a strategic fit," said Lenovo's spokesperson.

Social
Channels Business, Phones
Topics RIM, Lenovo, Mergers & Acquisition, Research In Motion, Lenovo Business Group
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