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It Looks Like Ottawa Shut Down Lenovo Purchasing BlackBerry

duckinacircle

Some more details are coming out on the whole strategic review and possible sale of BlackBerry played out. We heard quite a few rumors that Lenovo was considering the acquisition but nothing ever panned out. Now CBC is reporting that BlackBerry tried pitching a Lenovo purchase to the federal government and was shut down. They were told that “either a Chinese or Russian investment would be met with stiff opposition.” On the other hand Ottawa decided to take with one hand and give back with another…

Ottawa gave BlackBerry and early Christmas present when they received an early payment of its tax refund which totaled $696 million. That was a huge deal that helped bolster BlackBerry’s cash position when it dearly needed it. Ottawa made a point to help BlackBerry accelerate the receipt of a portion of the tax refund ASAP. Its nice to see that BlackBerry has some friends in Ottawa looking out for them.

3 total comments on this postSubmit your comment!
  1. We knew it was blocked somehow but not the details of it, also it seems that the tax refund came just in time for their Christmas presents…

  2. Chinese and Security can’t be together, sorry John Chen. But, Lenovo has converted old IBM machines into Gold. BlackBerry needs to survive.

  3. BlackBerry will survive, whether it be big or small.
    Anyhow good move by the Canadian Government. Obviously BlackBerry made a big mistake putting themselves up for sale. Was a bone head move that costs the company so many Z10 returns. Hence the mass write downs.

    That was the past, and now BBRY is geared to move forward beyond expectations IMO.

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