Canada Pension Would Weigh BlackBerry Stake

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.

Canada’s second-largest pension fund manager had C$188.9 billion of assets and manages retirement savings for 18 million people in every province except for Quebec.

To contact the reporters on this story: Katia Dmitrieva in Toronto at edmitrieva1@bloomberg.net; Doug Alexander in Toronto at dalexander3@bloomberg.net

To contact the editor responsible for this story: David Scanlan at dscanlan@bloomberg.net

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