There were once again earlier reports that BlackBerry was once again weighing its options on taking the company private. It appears that the Canada Pension Plan is open to taking BlackBerry private with the likely support of its Private Equity partner Silver Lake.
According to Bloomberg report:
Canada Pension Plan Investment Board’s Chief Executive Officer Mark Wiseman said he would consider an investment in BlackBerry Ltd. if the smartphone maker decided to go private.
“It’s safe to say that any large deal in Canada or elsewhere is something that we would make sure we took a hard look at,” Wiseman said in a phone interview today when asked about BlackBerry. “You could say that about that asset.”
Canada Pension has invested and benefited from technology companies in the past. It more than tripled a $300 million investment in Skype Technologies SA in two years before selling the stake in 2011 to Microsoft Corp. (MSFT) The Toronto-based fund manager had invested in Skype with private-equity firms including Silver Lake Management LLC.
BlackBerry is considering going private as a way to turn the company around, Reuters reported earlier today.
Many deem BBM and BES10 as being BlackBerry’s last shining features of the company. Past interested companies willing to take share in BlackBerry have been Microsoft, Amazon, and HTC to name a few. It will be quite interesting to see if the privatization of BlackBerry comes to fruition.