An acquisition of BlackBerry (BBRY) by Lenovo Group (LNVGY) may offer few benefits and more risks, reports the Wall Street Journal. Investors dumped shares of Hong Kong-listed Lenovo today, wiping out about $270M off its market capitalization following news that the Chinese PC maker signed a nondisclosure agreement to look at BlackBerry's books as it considers a possible acquisition.
- Mergers, Acquisitions & Takeovers
- Lenovo Group
- the Wall Street Journal