BlackBerry, Lenovo Deal Shut Down By Canadian Gov't: Report
Canada's government made clear no Chinese company had a chance of buying security-entrenched BlackBerry, The Globe and Mail reported.Lenovo very seriously pursued a deal to purchase BlackBerry, but the Canadian government shut down the talks, The Globe and Mail reported Nov. 4, citing sources familiar with the situation. "Ottawa made it clear in high-level discussions with BlackBerry that it would not approve a Chinese company buying a company deeply tied into Canada's telecom infrastructure," said the report, adding that the government made its position clear over the last month or two. In January, Lenovo Chief Financial Officer Wong Wai Ming told Bloomberg that Lenovo was always "looking at all opportunities," including BlackBerry and others. The company soon after back-pedaled from the remark, saying it was taken out of context. But in October, Lenovo was again said to be in talks with BlackBerry and according to Reuters had signed a nondisclosure agreement, giving it access to a look at BlackBerry's books.
"Because Ottawa made it clear such a transaction would not fly, it never formally received a proposal from BlackBerry that envisioned Lenovo acquiring a stake, sources said," the Globe and Mail reported.