You have to love how rumors grow out of control. Bloomberg took a quote form Lenovo’s CFO Wong Waiming to mean that Lenovo was considering acquiring RIM. That spiraled out of control to the point where Lenovo offered the following quote to The Next Web. Essentially they are saying it was taken out of context which is what I expected:
In general, we do not comment on M&A rumors or speculation.
We are aware that Lenovo’s CFO [Wong] Waiming was speaking broadly about M&A strategy in a recent interview. RIM was raised as a potential target by the journalist and Mr. Wong repeatedly answered in a manner consistent with all of our previous statements on M&A strategy: Lenovo is very focused on growing its business, both organically and through M&A. When inorganic ideas arise, we explore them to see if there is a strategic fit.
RIM responded with a similar quote that:
[RIM CEO] Thorsten Heins has made it very clear that we are focused on the delivery of BlackBerry 10, which we will launch with events around the world on January 30th. As he said on our most recent results conference call on December 20th, we continue to examine all available options to “create new opportunities, focusing on areas where we will be more effective partnering rather than going it alone, and ultimately maximizing value for all stakeholders.” We do not have anything new to report on our Strategic Review at this time.’
In other words it is a possibility but really nothing more than that.