Lenovo Downplays RIM Acquisition Rumors

Lenovo RIM rumorsLenovo downplayed the growing speculations that the company is planning to buy Research In Motion as part of their plan to boost their mobile-device business.

Lenovo, which is the second-largest manufacturer of personal computers in the world, made headlines last week when Chief Financial Officer Wong Wai Ming said that they are looking at all opportunities, which created speculations that RIM acquisition is on top of their priority.

During the World Economic Forum in Davos, Wong said: “We are looking at all opportunities — RIM and many others. We’ll have no hesitation if the right opportunity comes along that could benefit us and shareholders.”

However, a recent CNET report said that the Lenovo released a statement, saying that they are not necessarily looking to acquire RIM and that Wong’s statement was just taken out of context.

In an e-mail sent to CNET, a Lenovo spokesperson said:

“We are aware that Lenovo’s CFO was speaking broadly about M&A strategy in a recent interview. RIM was raised as a potential target by the journalist and Mr. Wong repeatedly answered in a manner consistent with all of our previous statements on M&A strategy: Lenovo is very focused on growing its business, both organically and through M&A. When inorganic ideas arise, we explore them to see if there is a strategic fit.”

RIM has been on the center of buyout talks for the past few months because of their declining sales. According to multiple reports, RIM had a discussion with Goldman Sachs to find a potential buyer. Samsung, the world’s largest smartphone distributor, was also reportedly considering acquiring the Blackberry-device maker, while IBM also expressed their interest.

All buyout rumors were denied by RIM, saying that they are focused on regaining their lost glory with the upcoming launch of Blackberry 10, which will be unveiled on Wednesday.

[Source: CNET]

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