Tuesday, November 5, 2013

Lenovo May Have Bought BlackBerry Had Canadian Government Not Put Its Foot Down

Lenovo May Have Bought BlackBerry Had Canadian Government Not Put Its Foot Down

The speculation about BlackBerry's sale finally ended yesterday when the company announced that it is no longer actively seeking a buyer, instead it has received a $1 billion investment from one of its largest shareholders and other institutional investors. A rather interesting report has surfaced today, courtesy of The Globe and Mail, suggesting that China's Lenovo was actively considering buying the ailing Canadian manufacturer, but the Canadian government wasn't too fond of the idea and it put its foot down. Over the past few months, it was rumored multiple times that Lenovo was very interested in bidding for BlackBerry.

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