Levono Buys BlackBerry This Week

Shares in canada-based BlackBerry jumped 8.6 per cent on the Toronto Stock Exchange Monday after a published report suggested Chinese computer firm Lenovo was preparing to make a bid for all or part of the company.


BlackBerry shares were changing hands at $11.63, up 93 cents on the Toronto Stock Exchange at the close Monday, up almost seven per cent from Friday's close. The catalyst appears to be a report from technology news website that  Chinese computer company Lenovo is preparing to launch an offer for BlackBerry of about $15 per share as early as this week.

According to a new report, Lenovo might make a bid for the BlackBerry at some point this week. The troubled Canadian manufacturer has been showing signs of resurgence over the past few weeks.

Reportedly, Lenovo is willing to pay as high as $15-$18 for each BlackBerry share. Black berry's price is currently hovering around $11. Unsurprisingly, neither Lenovo, nor BlackBerry has confirmed or denied the report.

Overall, the rumor marks a busy week for Lenovo’s and its smartphone business. Last week the manufacturer also announced that it will launch a new brand of business class mobile devices. Levono is quite busy at this period. The Chinese tech giant is also about to wrap up its purchase of Motorola in the near future.