BlackBerry surges as Lenovo CEO spurs renewed takeover chatter

theflyonthewall.com

BlackBerry (BBRY) is climbing after Yang Yuanqing, the CEO of Chinese computer makker Lenovo (LNVGY), reportedly told French newspaper Les Echos that it could make sense for his company to buy the Canadian smartphone maker. However, Yuanqing added that he would have to understand more about BlackBerry and its sector before pulling the trigger, according to a translation of the French article. In January, Bloomberg quoted Lenovo's CFO as saying that the company was exploring a possible takeover of BlackBerry, which was then called Research in Motion. Several days after the Bloomberg article was published, however, the CFO said that his comments had been "taken out of context," according to The Next Web. Meanwhile, AT&T (T) announced today that it would begin accepting pre-orders for BlackBerry's new Z10 smartphone tomorrow. The device, which will cost $199.99 with a two-year agreement, will be generally available to all consumers starting on March 22, AT&T added. In early afternoon trading, BlackBerry rallied 10% to $14.30.

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