Lenovo Debunks RIM Acquisition Reports
A report, citing Lenovo’s CFO, claimed last week that the company might consider the acquisition/merger or a strategic alliance with Research in Motion, in order to strengthen its mobile line-up. According to a company statement, the quote is out of context and pure speculation: “we are aware that Lenovo’s CFO [Wong] Waiming 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 also made a statement, quoting its CEO, Thorsten Heins: “we are focused on the delivery of BlackBerry 10, which we will launch with events around the world on January 30th. As he said on our most recent results conference call on December 20th, we continue to examine all available options to “create new opportunities, focusing on areas where we will be more effective partnering rather than going it alone, and ultimately maximizing value for all stakeholders.” We do not have anything new to report on our Strategic Review at this time.”
While a merger or any alliance between the two companies would be highly beneficial for both parties, and not only, the two corporations are, for the moment, reserved regarding the move.