Canadian govt nixed Lenovo's bid to buy BlackBerry
Said it would not accept a Chinese takeover because of national security concerns
 "Canadian govt nixed Lenovo's bid to buy BlackBerry")
The Canadian Government outright rejected the idea of Lenovo taking over struggling telecom company BlackBerry.
Canada told the smartphone company it would not accept a Chinese takeover because of national security concerns.
According to Globe and Mail, Ottawa made it clear in high-level discussions with BlackBerry that it would not approve a Chinese company buying a company deeply tied into Canada's telecom infrastructure.
Sources said as Ottawa made it clear such a transaction would not fly, it never formally received a proposal from BlackBerry that envisioned Lenovo acquiring a stake, the report added.
Canada told the smartphone company it would not accept a Chinese takeover because of national security concerns.
According to Globe and Mail, Ottawa made it clear in high-level discussions with BlackBerry that it would not approve a Chinese company buying a company deeply tied into Canada's telecom infrastructure.
Also Read
The government made its position known over the last one to two months.
Sources said as Ottawa made it clear such a transaction would not fly, it never formally received a proposal from BlackBerry that envisioned Lenovo acquiring a stake, the report added.