Statement on preliminary deal between BlackBerry, Fairfax

September 23, 2013

The following is a statement by MPP Michael Harris in response to the announcement that a consortium led by Fairfax Financial Holdings Ltd. has struck a preliminary deal to purchase BlackBerry for $4.7 billion.

BlackBerry has experienced some major challenges over the past few years, but with the right plan, I am confident the company can be successful again.

After hearing the unfortunate news last week about planned layoffs, I am pleased to see that BlackBerry has struck a preliminary deal with Fairfax, which includes a significant amount of Canadian investment.

BlackBerry has done so much for our community and province over the years, injecting billions of dollars into our economy, creating thousands of local jobs and establishing a culture of ingenuity and innovation throughout Waterloo Region.

As a fan and user of the Z10, I am happy to see that there are plans to continue to serve BlackBerry customers into the future.”