Share value in BlackBerry is up more than 15 percent following an interview with Lenovo CEO Yang Yuanqing in a French financial newspaper called Les Echos. The executive told the publication that a deal to acquire the Canadian handset maker could possibly make sense but he would first need to analyze the market and understand the importance of the company.
It’s the biggest gain for BlackBerry since February 4 and looking at the overall picture, it’s been a good year to own stock in the company (assuming you purchased it early this year, of course). Share value has increased 26 percent since the New Year. The company will report quarterly results on March 28 where CEO Thorsten Heins could update investors on any developments.
If you feel like you’re experiencing a bit of déjà vu, that’s right on track as Lenovo’s Chief Financial Officer Wong Wai Ming essentially echoed the same sentiments during an interview in January. At the time, he said Lenovo was assessing a number of potential acquisition targets and strategic alliances and that one of those targets was BlackBerry.
A few days later, however, Lenovo issued a statement saying the CFO’s comments may have been taken out of context as he was speaking broadly about M&A strategy during the interview. I don’t know about you but when the CEO and the CFO both mention an acquisition within two months of each other, odds are that something is certainly brewing behind closed doors.