BlackBerry ripe for takeover by Lenovo

Lenovo Group Ltd will "actively consider" acquisitions in the mobile consumer electronics industry, said Yang Yuanqing, chairman and chief executive officer of the world's largest personal computer maker.

Yang's remarks came amid reports that the Chinese company is in talks with embattled BlackBerry Ltd on a merger possibly worth $4.7 billion.

"Mergers and acquisitions are always useful tools for us to expand business into new markets, and we are open to deals that can boost our business," the CEO said on Friday.