3/12/2013 11:27:23 AM
BlackBerry shares leap after renewed Lenovo takeover rumours
BlackBerry's share price has leaped after Lenovo continued to flirt with taking over the Canadian manufacturer.
In an interview with French newspaper Les Echos, the firm's CEO Yang Yuanqing said a takeover 'could possibly make sense, but first I need to analyze the market and understand what exactly the importance of this company is'.
BlackBerry is currently undergoing a strategic review, as it bids to claw back years of falling sales and lost market share. The CEO's remarks follow those of Lenovo CFO Wong Wai who told Bloomberg in January that the business was 'looking at all opportunities', including a takeover of BlackBerry.
The increased speculation led to shares in BlackBerry leaping 14% on the New York stock exchange, its largest gain in a month.BlackBerry's BB10 handsets went on sale in the UK in February, with them hitting the United States later this month. An early indication of how the handsets have fared will be revealed when BlackBerry posts its quarterly results on 28 March.
Author: Graeme Neill