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Monday, January 28, 2013

LENOVO LIKELY TO BUY BLACKBERRYmaker (RIM)

The world's second largest PC maker, lenovo is considering moves to acquire Research In Motion (RIM)- the makers of Blackberry smart phone.
RIM has for a while been in financial mess, though its stock had rebounded in past weeks anticipating the launch of its new OS- OS10.
Lenovo is a Chinese company, and may face lots of hurdles as RIM is a Canadian company ones described by the Candian Prime Minister as national "Crown Jewel". It bought IBM's PC division in 2005 and is targetting at being the world's largest PC maker.

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