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  1. 'Canadian Buffett' may struggle to save BlackBerry.
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Visit our community guidelines for more information. BlackBerry has outsourced the work of sub-licensing a broad range of its patents to global smartphone manufacturers to Teletry. Last week, in a surprise announcement, the country rejected a deal led by Egyptian telecom entrepreneur Naguib Sawiris to buy a division of Manitoba Telecom Services Inc.

That division is arguably less strategically important to Canada's government than BlackBerry, whose smartphones are widely used by officials there. But the government signaled that any further deals for Canadian oil-sands assets led by Chinese state-owned companies would be approved only under "exceptional" circumstances, as further foreign-government involvement in that sector was no longer a "net benefit" to Canada's economy.

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Lenovo would have some competition for BlackBerry, which in August officially put itself on the block after years of ceding smartphone market share to rivals including Apple Inc. Others that have been considering BlackBerry bids include Cerberus Capital Management LP, which has also signed a non-disclosure agreement to look at the books, according to a person familiar with the matter, and BlackBerry co-founders Mike Lazaridis and Doug Fregin, who recently disclosed their interest in a public filing.

Unlike some big Chinese companies, Lenovo isn't state-owned. In addition to PCs and smartphones, it makes tablets, servers and accessories, such as keyboards and mice.

In PCs, Lenovo has been gaining market share. Lenovo has indicated that it is trying to expand its smartphone business to secure another source of growth. Chief Executive Yang Yuanqing, in an August interview with The Wall Street Journal, said the company's smartphone business was in the development stage. He added that Lenovo is trying to become a market leader in China.

BlackBerry shifts patent strategy through outsourcing deal

Write to Dana Mattioli at dana. All Rights Reserved. Dow Jones, a News Corp company. News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services. Dow Jones. News Corp.

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Phones are addicting and it's been proven that prolonged usage can damage our ability to focus, and form new memories. Palm helps you prioritize the real world and live more intentionally when you want to use your phone less. Don't let notifications control you. Notifications are constantly competing to get your attention.

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Palm is a perfectly affordable, rugged, IP68 water-resistant alternative for when you play at the beach or hit the slopes. Precision crafted. Palm's sophisticated design is just as stylish as it is functional. Available in stunning titanium or luxurious gold finishes.

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