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Former RIM co-CEO Jim Balsillie once warned that the sale of Nortel assets to foreigners could “significantly, adversely affect national interests...”
Former RIM co-CEO Jim Balsillie once warned that the sale of Nortel assets to foreigners could “significantly, adversely affect national interests...”
(Fred Lum/The Globe and Mail)

Ottawa unwise to restrict foreign bidders in BlackBerry sale

Back when he was running BlackBerry Ltd., Jim Balsillie called on the federal government to ensure that valuable intellectual property remained in Canadian hands.

As creditors of Nortel Networks Corp. carved up the company, and its patents went on the auction block, Mr. Balsillie warned that selling them to foreigners “may significantly, adversely affect national interests, with potential national security implications” and that “the Government of Canada should review the situation closely.”