Handset vendors are looking to acquire Blackberry

According to sources, once again Blackberry has been targeted for acquisition and this time Handset makers like Microsoft, Xiaomi and Huawei are in the race to buy the Smartphone maker.

Digitimes told that Microsoft has commissioned investment companies to evaluate the possibility of taking over BlackBerry, aiming to enhance its competitiveness in the business mobile solution segment as well as its patent portfolio in the Internet of Vehicles (IoV), mobile platform and communications sectors, the sources indicated.

Microsoft will have another benefit by acquiring BlackBerry because the Canada-based company(Blackberry) has shifted its business focus to software products instead of hardware devices, which complements Microsoft’s product lines.

To influence their presence in US and Europe, other handset makers especially from China have also joined the race