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The Canadian government blocks Lenovo bid for BlackBerry based on concerns over national security
November 7, 2013, 3:57 pm
It seems that there were many those who eyed the Canadian hi-tech pioneer BlackBerry, when the company was in dire need of capital.
Lenovo, the Chinese tech-giant which acquired IBM`s notebook business a few years back, appears to be one of the potential bidders for the BlackBerry.And it could as well be the successful bidder, if the Canadian government hadn`t put its foot down.
According to a report in The Globe and Mail, citing inside sources, the Canadian government expressed fears that a Lenovo takeover would compromise national security, giving China access to the country`s vital communications
Apparently, even-though Lenovo was very serious about the acquisition talks, the objections by the Canadian government were so strong that BlackBerry didn`t even bother submitting a formal proposal for consideration...