Feds derailed Lenovo bid for BlackBerry
Posted Mar 25, 2014 05:32:59 AM.
This article is more than 5 years old.
A reported bid by Chinese computer giant Lenovo to buy Blackberry last year has been derailed by the federal government.
Tech analyst Carmi Levy was a guest on 570’s Gary Doyle Show and says the feds threw the company a lifeline in the form of a early income tax return to the tune of $767 million to avoid the sale to Chinese or Russian investors.
Levy adds both the federal and provincial government pushed up the time line for Blackberry to receive a portion of their income tax to help the company because they believe the sale would not be in the best interest of the country.
Listen to Gary’s interview with Carmi Levy below:
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