% | $
Quotes you view appear here for quick access.

BlackBerry Limited Message Board

  • kurtmanning456 kurtmanning456 Mar 11, 2013 6:24 PM Flag

    CNBC : "If you're going to do an acquisition, now is the time," said Jefferies LINK

    Blackberry Buyout: Could Lenovo Be Interested?
    Published: Monday, 11 Mar 2013 | 5:08 PM ET
    By: Alex Rosenberg, CNBC Producer
    BlackBerry shares spiked 10 percent after AT&T said it will carry the new z10 smartphone in the U.S. And the move has rekindled speculation that the smartphone maker could be the target of a takeover.
    "If you're going to do an acquisition, now is the time," said Jefferies analyst Peter Misek. "A BlackBerry buyout made no sense before because of all the delays with their new product." But Misek noted that after BlackBerry's successful launch of the new z10, a deal "makes much more sense."
    So who might be the buyers?
    While the press has long focused on Microsoft, market participants are focusing on Lenovo.
    Short-term reaction aside, would it make sense for Lenovo to do the deal? "Lenovo wants a broader footprint in North America," said Dan Nathan of RiskReversal And given BlackBerry's sum-of-parts valuation, "If you're Lenovo, acquiring this company is not a difficult punt to take."
    While Blackberry declined to comment, Lenovo spokesman Brion Tingler had this to say: "In general we're focused on finding right fits for various acquisitions, and we're always on the lookout for relevant opportunities."

    SortNewest  |  Oldest  |  Most Replied Expand all replies
7.16+0.02(+0.28%)11:42 AMEDT