Lenovo made sense to acquire Blackberry but national security would have never allowed it. That Lenovo has chose NEC to play with kills any buyout premium for BlackBerry. Another nail in the coffin. It should get killed today.
There is NO way that Japan would allow a flagship company to sell to a Chinese company. NO way. The animosity between the two since WW2 is still palatable - this would be like israel selling its banking industry to Germany. Not going to happen. Ever. This money is being raised for a JV with BBRY.
I hope you're right (nice to see you make an argument) but if that's true why would they only raise up to $2 billion. It would be a joint venture or in layman's terms a buy under! Just add more useless cash to their bottom line and the stock would get hit.