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January 25, 2013

Lenovo ‘could buy RIM’

Buy buy may raise security issues

By CBR Staff Writer

Chinese computer maker Lenovo is considering acquiring Research in Motion (RIM) as part of its plan to boost its mobile business, it’s reported.

Lenovo chief financial officer Wong Wai Ming told Bloomberg that the firm was looking at all opportunities – RIM and many others. "We’ll have no hesitation if the right opportunity comes along," Ming added.

The Chinese computer maker has also spoken to RIM and its bankers regarding various combinations and strategic ventures.

RIM has been in search at its options since 2012, when its market share took a beating from Apple’s iPhone and Samsung Galaxy.

According to reports, the acquisition of RIM by a Chinese firm would raise security issues, mainly for the company once considered as a Canadian ‘crown jewel’ by Prime Minister Stephen Harper.

Further, the deal is expected to face regulatory obstacles in the US, where government probes into spyware have already developed hurdles for two other Chinese telecommunications manufacturers including Huawei and ZTE.

Further RIM has confirmed its plans to release its to BlackBerry 10 operating system (OS), in addition to the two new handsets powered by the new OS, by the end of January 2013.

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