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Sunday, March 31, 2013
The most likely buyer of Nokia or BlackBerry now in talks to acquire NEC’s handset unit
The most likely buyer of Nokia or BlackBerry now in talks to acquire NEC’s handset unit:
Reuters is reporting that Lenovo (LNVGY), the Chinese electronics giant, is in talks to acquire NEC's mobile phone unit. Lenovo has been speculated to be in talks with both Nokia (NOK) and BlackBerry (BBRY) over the past two years. Various brokerages have claimed that it is negotiating to buy Nokia's feature phone unit, Nokia's Lumia phone unit or BlackBerry's hardware operations. If Lenovo ends up buying the NEC handset operations, it would acquire a technologically highly sophisticated operation with a minuscule annual production volume of roughly 4 million units.
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