BlackBerry Shares Move Higher, Possibly Attributed To JuJiaoBa.com Article Mentioning Huawei As Potential Buyer

Shares of BlackBerry Ltd BBRY are slightly up on Wednesday afternoon. The surge may be attributed to an article published on JuJiaoBa.com (in Chinese, but translatable through Google Chrome), which suggests that Huawei might be interested in acquiring the company.

Huawei And BlackBerry

The rumors about the Chinese company's interest in BlackBerry (and in Nokia Corporation (ADR) NOK, as well) have been circulating for more than two years now. In an article rolled out Wednesday, JuJiaoBa.com suggests that Huawei's acquisition of BlackBerry China is finally settled.

Positives For BlackBerry

Apparently, the idea behind this deal is to provide BlackBerry with wider access to the Chinese market, and Huawei, with an OS and a better position to impose itself as the “government favorite” (in terms of what devices government officials use).

The note also points out that Lenovo Group Limited (ADR) LNVGY may take a big hit from this acquisition, which might hurt its position in both enterprise and government markets.

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Huawei And BlackBerry

Positives For BlackBerry