Research In Motion Ltd (NASDAQ:BBRY) (TSE:BB) shares jumped 14 percent on the renewed news of a buyout deal with Lenovo Group Ltd (PINK:LNVGY) (HKG:0992). That’s the biggest gain in over 30 days for the stock.
BusinessWeek reports that Lenovo Group Ltd (PINK:LNVGY) (HKG:0992)’s CEO told a French newspaper this week that the electronics company could buy the BlackBerry maker. Research In Motion Ltd (NASDAQ:BBRY) (TSE:BB) was said to be in talks with Lenovo earlier this year.
However, the statement by Lenovo’s CFO at this year’s World Economic Forum was clarified not long after those initial reports. A spokesperson for Lenovo rejected the rumors that the company was seeking to acquire Research In Motion Ltd (NASDAQ:BBRY) (TSE:BB), saying that the statement quoted at the WEC was taken out of context.
Lenovo’s CEO has now reportedly told a French newspaper that a deal between the companies “could possibly make sense,” but that he needs to analyze the market first and gain an understanding of how important the BlackBerry maker is in the market.
Research In Motion Ltd (NASDAQ:BBRY) (TSE:BB) has been reviewing its strategic options as it struggles to reinvent itself through the release of the two new BlackBerry handsets. If a foreign company makes a bid for the company, regulators would need to approve it.
The Canadian company reports its next quarterly results on March 28, and at that time, CEO Thorsten Heins will likely update investors on any options which are on the table. In the past he hasn’t ruled out a complete acquisition, although he said he would be more focused on forging some kind of partnership or licensing deal instead. Earlier this year he also said he was interested in licensing the company’s new BlackBerry 10 software.