From the “no chance in hell of getting approved” department, comes this piece of breaking news. Marketwatch is reporting that Lenovo is considering buying troubled smartphone maker BlackBerry:
The report, based on unnamed sources, said Lenovo has signed a non-disclosure agreement so it can go over BlackBerry’s books in preparation for a possible bid. BlackBerry is already under a pending buyout deal with Fairfax Financial for $9 per share, though that deal effectively allows the company to shop itself around for a better price.
Here’s why this will never, ever, get approved. Lenovo is owned by the Chinese and the Canadian Government has in the past stopped Chinese entities from doing business in Canada. For example, Huawei who makes phones and networking gear had problems in Canada last year due to security concerns. Thus I would find it highly unlikely that the Canadian Government would then turn around and approve this deal.
Assuming it’s true of course.
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This entry was posted on October 17, 2013 at 3:08 pm and is filed under Commentary with tags BlackBerry. You can follow any responses to this entry through the RSS 2.0 feed.
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BREAKING: Lenovo Considering Buying BlackBerry
From the “no chance in hell of getting approved” department, comes this piece of breaking news. Marketwatch is reporting that Lenovo is considering buying troubled smartphone maker BlackBerry:
The report, based on unnamed sources, said Lenovo has signed a non-disclosure agreement so it can go over BlackBerry’s books in preparation for a possible bid. BlackBerry is already under a pending buyout deal with Fairfax Financial for $9 per share, though that deal effectively allows the company to shop itself around for a better price.
Here’s why this will never, ever, get approved. Lenovo is owned by the Chinese and the Canadian Government has in the past stopped Chinese entities from doing business in Canada. For example, Huawei who makes phones and networking gear had problems in Canada last year due to security concerns. Thus I would find it highly unlikely that the Canadian Government would then turn around and approve this deal.
Assuming it’s true of course.
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This entry was posted on October 17, 2013 at 3:08 pm and is filed under Commentary with tags BlackBerry. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.