Shares in BlackBerry rose 10 per cent yesterday after Lenovo chief executive officer (CEO) Yang Yuanqing said a buyout of the ailing smartphone maker “could possibly make sense”.
Tuanqing told French financial newspaper Les Echos Chinese manufacturer Lenovo may need to look elsewhere in order to further develop.
“External growth is all about opportunities,” he said. “You can not rely solely on it to develop. So we will rely primarily on our own forces, while remaining vigilant on the market and its players. But first I have to analyze the market well.”
Chief financial officer (CFO) Wong Wai Ming said in January the firm was looking at other opportunities and referred to BlackBerry as one possible partner
The CEO said Indonesia, Vietnam and Russia were the company’s immediate targets for expansion, but that Lenovo would be moving into Western markets within two years.
