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Canada to Weigh National Security in BlackBerry Sale

Oct. 18 (Bloomberg) -- BlackBerry Ltd., the struggling smartphone maker seeking a buyer, should be wary of any transactions that would raise national-security concerns, Canadian Prime Minister Stephen Harper said today.

Canada would examine those issues in any foreign bid for Waterloo, Ontario-based BlackBerry that requires a review under the nation’s takeover law, Harper said in an interview in Brussels after he and European Commission President Jose Barroso announced an agreement in principle on a trade deal.

BlackBerry is “a very important player in the IT sector and the advanced information-technology and communications sector,” he said. “So it would be very important that any transactions involving BlackBerry in the future not lead to any concerns about security in that particular area of the economy.”

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To contact the reporter on this story: Theophilos Argitis in Ottawa at targitis@bloomberg.net

To contact the editor responsible for this story: Nick Turner at nturner7@bloomberg.net

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