Japan's NEC in talks to sell mobile phone business to Lenovo

Chinese electronics heavyweight Lenovo is no stranger when it comes to talk of acquisitions and alliances. The company has been in the news for a while now with regards to a strategic alliance or licensing deal with BlackBerry. Lenovo’s CEO Yang Yuanqing and CFO Wong Wai Ming have both said that the company has looked into BlackBerry as a potential target for a software licensing deal or a takeover. However, that rumoured deal never materialised and now BlackBerry is seeing success with the new BlackBerry Z10. For Lenovo, the world's second largest PC manufacturer, cranking up overseas expansion after solid growth in China is a top priority. Naturally, Lenovo is looking at possible targets and this latest one is much closer to home than BlackBerry.

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