In an effort to make a comeback in the smartphone market, Blackberry may be bought by Lenovo The Wall Street Journal reported.
"BlackBerry might be willing to put up with some political noise and a lengthy review process to be rewarded with a higher price," former United States deputy undersecretary of defense Jeff Bialos told The Journal. "All things being equal, (BlackBerry) would rather sell to a North American buyer. You go to China for the premium."
If it goes through, the purchase would be one of the biggest and most important chinese transaction of a North American company.
The potential deal also illustrates how companies, in one of the world's biggest economies want to have a bigger role in the states because of their interest to learn about the industry, and what products they can sell to their customers. According to The Journal, the deal would also be reviewed by the United States and Canada governments.
Lenovo which makes tablets, servers, and computer accessories has started to make a name for itself with smartphone products of its own as it currently sends out a greater amount of phones than Blackberry.
Despite its struggles, Blackberry has 470,000 out of a total 600,000 smartphone devices, which belong to the Defense Department. At the end of the last year, over one million devices were used by federal and state employees in the United States which include President Barack Obama, The Journal reported.
In this year's second fiscal quarter, Lenovo recorded 4.7 percent in smartphone sales across the world. Blackberry's shares decreased 2.7 percent.
Blackberry agreed to an initial buyout deal with Fairfax Financial Holdings last month for $4.7 billion.
The company also has bids from Cerberus Capital Management. According to The Journal, bids to purchase it must be submitted by Nov. 4.
