No BlackBerry bailout: Canadian government signals it won’t rescue firm

If BlackBerry were an American company involved in selling synthetic collatoralized debt obligations, it would likely be in line for a plump government bailout right about now. But since it’s a Canadian firm that sells smartphones, it will apparently have to sink or swim on its own. In an interview with Bloomberg, Canadian industry minister James Moore signaled that his government would not intervene to keep BlackBerry afloat if it can’t find a way to keep itself in business after reviewing its strategic options. Moore said that while BlackBerry has long been a source of pride and jobs for Canadians, “it’s for them to engage the market and provide devices and services, platforms, content that the market will receive well”



via Tech News Headlines - Yahoo! News http://news.yahoo.com/no-blackberry-bailout-canadian-government-signals-won-t-200010202.html