More and more details are being revealed about the strategic review BlackBerry went through leading up to the news yesterday. The Globe and Mail is reporting that Lenovo “actively considered a bid for BlackBerry” but the Canadian government said it would not accept a Chinese takeover due to national security. They supposedly made it clear during high level negotiations that it was not going to happen over the last one to two months. That is why Lenovo never formally made an offer.
A Canadian official made some anonymous statements to the Globe and Mail about the news:
“I don’t think anybody should be surprised that we would have concerns like that,”
“We have been pretty consistent that the message is Canada is open to foreign investment and investment from China in particular but not at the cost of compromising national security.”
It seems like BlackBerry could not spend months dealing with the security review for Lenovo that would most likely fail. Now it will be interesting if they can turn them into a strategic partner at least for consumers.