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NewsPoster Oct 9, 2013 10:55 AM
Lenovo allegedly in discussions with HTC for possible acquisition
<a href="" rel='nofollow'>Lenovo</a> could be planning to take over troubled Taiwanese smartphone producer <a href=" blic/" rel='nofollow'>HTC</a> in the future, according to rumors. The Chinese notebook manufacturer is said to have met with HTC in a secret meeting in late August about the potential acquisition, which could be beneficial to both sides if such a deal can be agreed upon by the two companies. <br />
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Taiwan's <em>Apple Daily</em> <a href="" rel='nofollow'>reports</a> that Lenovo approached the manufacturer after HTC realised it was heading to its first ever quarterly loss since it went public. HTC recently revealed that the net loss of $101 million stemmed from reduced revenues of $1.6 billion for the quarter, a drop of $750 million from the previous quarter alone. <br />
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Lenovo, continuing to enjoy <a href="" rel='nofollow'>growing quarterly revenues</a> and earnings, has previously revealed ambitions to extend its <a href=" cturer/" rel='nofollow'>smartphone sales</a> outside of China to the US and Europe, something which acquiring an existing phone manufacturer would help with. At the start of this year, it was also linked to a <a href=" ift.from.pcs/" rel='nofollow'>possible buyout</a> of BlackBerry, though it did not proceed further than the initial talks.
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