GO
Loading...

Harper suggests Canada may review BlackBerry deal

Thursday, 26 Sep 2013 | 3:27 PM ET
What's ahead for BlackBerry?
Thursday, 26 Sep 2013 | 3:17 PM ET
CNBC's Maria Bartiromo spoke with Canadian Prime Minister Stephen Harper about the fate of BlackBerry. Ben Parr, CNET columnist, is skeptical of Fairfax's deal for BlackBerry, and John Spallanzani, GFI Group says, "it would be a black eye for Canada if BlackBerry goes down."

The $4.7 billion takeover of BlackBerry by Canadian insurance company Fairfax Financial may be reviewed by the Canadian government on grounds of national security, Canadian Prime Minister Stephen Harper suggested Thursday.

"It's an evolving situation ... all decisions and particularly in the technology space would be reviewed on national security grounds," Harper told "Closing Bell."

Though Harper wouldn't comment on any one deal, much less the BlackBerry takeover itself, he said the government usually only reviews acquisitions by foreign entities above a certain dollar amount.

BlackBerry Z30
Simon Dawson | Bloomberg | Getty Images
BlackBerry Z30

"In terms of any acquisition, the government is not involved in the acquisition process unless it's a certain level of acquisition that's done as a foreign acquisition. In that case, the government would have to review the decision to ensure that it's within our national interests," he said.

Under the deal, which was announced this week, Waterloo, Onatrio-based BlackBerry would be taken private by Toronto-based Fairfax for roughly $9 a share.

—By CNBC's Drew Sandholm with Reuters. Follow him on Twitter @DrewSandholm

Featured

Contact Technology

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    › Learn More
  • Matt Hunter is the senior technology editor at CNBC.com.

  • Cadie Thompson is a tech reporter for the Enterprise Team for CNBC.com.

  • Working from Los Angeles, Boorstin is CNBC's media and entertainment reporter and editor of CNBC.com's Media Money section.

  • Jon Fortt is an on-air editor. He covers the companies, start-ups, and trends that are driving innovation in the industry.

  • Lipton is CNBC's technology correspondent, working from CNBC's Silicon Valley bureau.

  • Mark is CNBC's Silicon Valley/San Francisco Bureau Chief covering technology and digital media.