Canadian minister: government keeping a "close eye" on BlackBerry

Industry Minister James Moore, during a Reuters interview: "I know that they're facing their challenges and they're adjusting their firm internally ... all I can say is, we wish them well, and we're keeping a close eye on the situation."

Moore didn't give a firm answer regarding whether the Canadian government would prevent BlackBerry (BBRY +1.4%) from being acquired by a foreign company. "We want them to do well, keep employing Canadians, keeping putting out innovative technologies and platforms, and we're paying close attention."

Last year, PM Stephen Harper stated he hoped BlackBerry would grow as a "Canadian company."

The Canada Pension Plan Investment Board has suggested it's open to buying a stake in BlackBerry, should it attempt to go private. If it does, Prem Watsa's Fairfax Financial and other Canadian investment firms could act as partners.

However, the NY Post has reported BlackBerry wants a "Google-like" buyer to emerge.

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Comments (17)
  • Tufenk
    , contributor
    Comments (935) | Send Message
    $BBRY most likely buyer is $MSFT, they need it to balance out deal with $NOK , they need $BBRY badly so they can own #3 & #4
    22 Aug 2013, 10:27 AM Reply Like
  • Abu Bakr Hussain
    , contributor
    Comments (714) | Send Message
    That would be a pretty absurd move by Microsoft. Blackberry's most likely buyer is a relatively unknown company, either a PE firm, or a growing Asian OEM, be it based in India, China or even Indonesia.
    22 Aug 2013, 10:30 AM Reply Like
    , contributor
    Comments (2732) | Send Message
    IMO not possible. Who would want to use BlackBerry security from companies in India, China or Indonesia? Despite the fact BBRY has the best mobile security in existence.


    I would say the best deal for BBRY and the buyer IMO would be Amazon, Sony, MSFT (if they dump WP8 in favor for BB10 for obvious reasons, being BB10 is superior) and/or HP, so they may dump its reliance on Android, possibly the worst mobile OS ever created.
    22 Aug 2013, 10:34 AM Reply Like
  • tiger8896
    , contributor
    Comments (746) | Send Message
    BBRY has had investment banks working on strategic alternatives for over a year now. You really think they haven't approached MSFT, AAPL and GOOG with ideas for a deal or explored their interest in BBRY. If Microsoft does buy BBRY, pity the poor BBRY shareholders they will snatch it up for a song.
    22 Aug 2013, 11:24 AM Reply Like
  • Chris Lau
    , contributor
    Comments (4284) | Send Message
    That the move is absurd makes a deal more likely. See Skype. They paid a huge premium, integrated the product with MS, then slapped giant ads all over the app. BBM would be an upgrade to this acquisition.
    22 Aug 2013, 11:36 AM Reply Like
  • la cabanya
    , contributor
    Comments (70) | Send Message
    TH, would you please put an small booth in every Verizon, ATT, or Sprint and any other stores selling BBRY's phones in USA and around the world.
    You need only a 52" screen that can be operated by yours Z10, connected via their mini HDMI.
    That would make the work of showing customers how to use and what can be done with the new BB10's.
    With an easy system to answer questions that buyers may have! Just like a mini Genius Area at Apple,
    YOu should spiff the sales advisors an extra 50 $ per BBRY sold and offer a contest to take the ones that sell the most to travel to the most exotic places.
    You will come a long way very fast, is a very small investment but you need the proper training materials.
    Everybody should know what can be done with the Z10 and the G10 as the best smart phones that are in the market today!
    22 Aug 2013, 10:33 AM Reply Like
  • David653
    , contributor
    Comments (6092) | Send Message
    sorry to say i believe that Apple tv and Samsung is going with cableless hookups rendering HDMI obsolete
    22 Aug 2013, 05:51 PM Reply Like
  • garryville
    , contributor
    Comments (52) | Send Message
    so true, if you stop by a cell phone display area, its hard to find the BB phones, sales staff could care less about it. BB needs display area, I love the idea of connecting the phone to LED tv with Hdmi, and run promotion of what it can do, Compare it.


    I think the problem is there is a better kickback to stores to sell the android crap.
    23 Aug 2013, 04:20 AM Reply Like
  • Randal James
    , contributor
    Comments (4422) | Send Message
    TH would you please spend more in each store run by all the carriers in the world a mini booth that will cost more to set up than it will take in in revenue for the next 2 years? Oh, and give everyone generous bonuses, much like the BOD gave you!
    22 Aug 2013, 10:52 AM Reply Like
  • Pierrepsy
    , contributor
    Comments (3) | Send Message
    Agreed. My Q10 is the most sophisticated mini computer-phone ever made. It's paradoxically the least known. Why is BlackBerry so quiet about their amazing products? Do the Directors BELIEVE IN THEIR PRODUCTS?
    22 Aug 2013, 11:15 AM Reply Like
  • Sublime1977
    , contributor
    Comments (10) | Send Message
    It think IBM would be a good match.
    22 Aug 2013, 11:36 AM Reply Like
  • Randal James
    , contributor
    Comments (4422) | Send Message
    You guys choose acquirers based on their bank accounts and business health. You'd best hope someone interested in BBRY doesn't do the same
    22 Aug 2013, 11:39 AM Reply Like
  • alext1379
    , contributor
    Comments (811) | Send Message
    The only countries that will be allowed to purchase BlackBerry are Western companies. I doubt an Indian company would be allowed to purchase it.


    If the gov't really wants BB to stay Canadian, the pension board(s) will buy it knowing the ROI expected of it will be lowered to help BB turnaround.
    22 Aug 2013, 12:20 PM Reply Like
  • The ObjectiveOne
    , contributor
    Comments (58) | Send Message
    Don't kid yourself. The Canadian government cannot afford anoth fup like Nortel. They bailed out GM & Chrysler, they'll bail out Blackberry as well with their auto profits.
    22 Aug 2013, 12:52 PM Reply Like
  • David653
    , contributor
    Comments (6092) | Send Message
    remember folks if things appear to be too good of a good thing chances are they are not. Big stake investors are hoping you like this news story, then they are the ones that will get out at the right time and who will lose, will not be them.
    22 Aug 2013, 05:48 PM Reply Like
  • la cabanya
    , contributor
    Comments (70) | Send Message
    Here is something coming from BBRY earlier than promised,
    I hope people will love it!
    23 Aug 2013, 09:36 AM Reply Like
  • Crazy Mazy
    , contributor
    Comments (432) | Send Message
    I think that BB will get into some form of partnership with either Microsoft or IBM and they would be a good match, because Blackberry can be successful if they partner with a company that has good marketing and lots of muscle with the corporate sector. Basically BB products are solid, but they lack the marketing finesse to make them sell. So a strategic alliance will make a big difference.
    25 Aug 2013, 07:22 AM Reply Like
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