The leveraged buyout of Dell requires that only 42 percent of existing shareholders vote against the deal for it to be abandoned. It is fair to say the a LBO is in doubt.
Despite a new handset, BlackBerry will likely exit the smartphone market to focus on the software and services market, one analyst told CNBC.
CNBC's Adam Bakhtiar looks at Blackberry in the daily 'Stock in 60' segment as shares rallied over 14% on takeover speculation from China's Lenovo.
BlackBerry shares spiked after AT&T said it will carry its new smartphone, rekindling speculation that the smartphone maker could be a takeover target.
More and more mobile companies are trying to gain a foothold in a country where white-label phones once ruled the roost, but some analysts say that attempts to crack what is now the world's largest market may be a waste of time.
Dell Chief Executive Michael Dell, aiming to clinch a $24.4 billion deal to take the No. 3 PC maker private, has agreed to value his 16 percent stake about 2 percent below the offer price.
Asian stocks were mostly lower on Thursday, with caution setting in ahead of a central bank policy meeting in Europe.
The $24.4 billion proposal to privatize U.S. technology giant Dell is part of founder Michael Dell's efforts to transform the company into a 'mini IBM', said analysts.
Dell agreed to be taken private Tuedsay in a nearly $24 billion buyout deal by a consortium led by its founder and chief executive, Michael Dell.
Lenovo shares have risen in recent months, but the stock still looks like a bargain.
Steve Zhang, Senior Analyst, Macquarie discusses Lenovo's earnings report and plans for reaching into emerging markets.
China's Lenovo Group, on track to become the world's top maker of personal computers, reported a record quarterly profit, up by a third from a year earlier, as it gained more share in the PC market and made inroads in the smartphone business.
Asian stocks closed higher on Wednesday, with investors shifting their focus to corporate earnings in the region and the Federal Reserve's policy announcement later in the day.
The yen's steep decline has burnished the outlook for Japanese stocks, prompting analysts to raise profit forecasts for currency-sensitive exporters and foreign investors to plough $17 billion into the market.
Sharp may sell its Chinese TV assembly plant to Lenovo as the cash-strapped Japanese TV maker looks to sell assets to bolster its finances, sources said.
Some of the names on the move ahead of the open.
During the all-important holiday season, both personal computers and video games saw sharp declines in sales, with consumers migrating to tablet devices.
Apple's Chief Executive Tim Cook met with China Mobile's Chairman Xi Guohua to discuss "matters of cooperation," a China Mobile spokesman said.
Samsung Electronics is looking to supply chips to more Chinese and other emerging smartphone makers, the head of its system chip business said, to counter any fall-off in demand from Apple, which is weaning itself off Samsung chips used in its iPhones and iPads.
Michael Dell has lost of one of the key lieutenants he recruited to help him turn around his ailing computer company.