BlackBerry’s shares got a slight boost on Thursday when rumors circulated for the 12,497th time that Chinese hardware manufacturer Lenovo was interested in buying the firm. But as The Globe and Mail points out, a deal to let Lenovo buy BlackBerry is probably a nonstarter since it’s highly unlikely that the Canadian and American governments would be comfortable letting a Chinese firm buy a company that is responsible for so much security infrastructure. The Globe and Mail notes that the Canadian government “has killed several foreign takeovers under the Investment Canada Act,” including a recent deal that would have sold a Winnipeg-based telecom company to an Egyptian-led group. “If the Egyptian company raised some red flags for the Canadian government,
More...
Bookmarks