BlackBerry shares rise on takeover speculation

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BlackBerry saw its shares rise 14% yesterday on March 11 on speculation that the company may be target of a takeover bid from Lenovo.

Lenovo chief executive Yang Yuanqing told Les Echos that the Chinese computer maker may look at buying BlackBerry in the future.

Analysts are sceptical about a potential BlackBerry takeover. A Wells Fargo analyst says in a research note that a BlackBerry takeover is improbable, particularly over the near-term. A Morningstar analyst said that Lenovo may have trouble obtaining Canadian regulatory approval to buy BlackBerry.

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