Too funny.
As IBM just got huawei-ed per Edward Snowdon freedom fight, Turkey embraces China precision rocketry that would enable eventual un-NATO liberation of Cyprus from prospective Greek junta, and England decides to nuke itself w/ huawei-esque hardware and NSA-esque software, the ...
Canadian government may soon have to decide whether to:
(A) save blackberry by selling it to highest bidder
(B) let Lenovo have blackberry and forcing USA congress to switch from blackberry devices to ... Samsung or Apple or no-name android phones
(C) do a nationalization of strategic asset
http://www.theglobeandmail.com/report-on-business/chinas-lenovo-considering-blackberry-bid-report/article14909616/
China’s Lenovo considering a bid for BlackBerry: reportChina’s Lenovo Group is pondering a takeover bid for BlackBerry Ltd., joining a growing list of potential suitors, The Wall Street Journal reports.
While others are circling the troubled smartphone manufacturer, only Canada’s Fairfax Financial Holdings Ltd. has struck a tentative deal, one valued at $4.7-billion (U.S.).
Among the other known interested parties are BlackBerry co-founders Mike Lazaridis and Doug Fregin, and U.S. private equity firm Cerberus.
Industry players including Google Inc., Cisco Systems Inc. and SAP AG are also reportedly kicking the tires.
Fairfax proposes paying $9 a share, but there are doubts in the market that that will come to pass, despite Fairfax’s oft-stated optimism to follow through when its due diligence is done early next month.
BlackBerry stock continues to trade well below the $9 mark; its shares closed up by less than 1 per cent Thursday to $8.20.
The Wall Street Journal says Lenovo has signed a confidentiality agreement that will give the Chinese company the ability to scour BlackBerry’s books.
A spokesman for Lenovo declined to comment on the latest report, Reuters reported.
The Canadian government, which has expressed skepticism about Chinese purchases of sensitive Canadian firms, said on Thursday it recognized BlackBerry was exploring its options but withheld comment on reported interest by China’s Lenovo.
“We know BlackBerry is exploring strategic options to enhance its competitiveness,” said Industry Minister James Moore, who would have to approve any foreign purchase of BlackBerry. “We do not comment on that process. As for speculation, we have no comment.”
With files from Reuters |
