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Report: Lenovo Considering Bid for BlackBerry Maker RIM

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Report: Lenovo Considering Bid for BlackBerry Maker RIM

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PC giant Lenovo is considering potential acquisition targets, including BlackBerry maker Research in Motion, as part of an effort to bolster its smartphone unit, according to a new report.

“We are looking at all opportunities – RIM and many others,” Lenovo chief financial officer Wong Wai Ming, told Bloomberg(Opens in a new window) yesterday in an interview at the World Economic Forum’s meeting in Davos, Switzerland. “We’ll have no hesitation if the right opportunity comes along that could benefit us and shareholders.”

Beijing-based Lenovo has a team working on possible acquisitions, and has already spoken to RIM and its bankers about different opportunities, Bloomberg reported. Wong did not reveal when the company would make a decision about whether to bid on the struggling phone maker.

RIM last year hired bankers from J.P. Morgan and RBC Capital to help evaluate its strategic options after facing several disappointing financial quarters in a row as it struggles to deal with the popularity of Apple’s iPhone and smartphones based on Google’s Android.

RIM did not immediately respond to a request for comment. The Waterloo, Ontario-based company declined to comment to Bloomberg about the possible Lenovo bid.

Such a deal would require approval from Canadian and U.S. regulators. As Bloomberg pointed out, a bid to transfer RIM to a Chinese company could face obstacles since the phone maker’s products are used by the U.S. government and other highly regulated industries. Last year, the House Intelligence Committee, for example, warned against doing business with ZTE and Huawei because the firms might be using their entrance into the U.S. market as a way to spy for the Chinese government.

Canadian Industry Minister Christian Paradis this week said he would rather RIM to grow “organically.”

Meanwhile, RIM is gearing up to unveil its long-awaited BlackBerry 10 operating system. The company is scheduled to take the wraps off BlackBerry 10 and new BlackBerry smartphones at a New York press event on Jan. 30. The new OS was supposed to be released last year, but was delayed until this month, allowing Samsung and Apple to steamroll past RIM in terms of market share in 2012.

For more, see PCMag’s Hands On With RIM’s BlackBerry 10 and the slideshow above. Also check out 6 Intriguing Features in BlackBerry 10.

Update: Lenovo has downplayed the story, saying that Wai Ming was talking generally about Lenovo’s M&A strategy.

For more from Angela, follow her on Twitter @amoscaritolo(Opens in a new window).



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