Fairfax Financial Holdings

BlackBerry Board Rejected Proposals To Break Up Company

The board rejected proposals from several technology companies for various BlackBerry assets on grounds that a break-up did not serve the interest of all stakeholders.

BlackBerry to raise $605 million from shareholder Fairfax, others

Troubled smartphone maker BlackBerry has said it would raise about $605 million by selling convertible debentures to shareholder Fairfax Financial Holdings Ltd and other investors.

Deal over: BlackBerry completes $1 bn investment deal with Fairfax

Smartphone maker BlackBerry said it has concluded the private placement of debentures worth $1 billion with Prem Watsa-led Fairfax Financial Holdings and other institutional investors.

Watsa is no Warren Buffet: Here's how he miscalculated Blackberry deal

Watsa's determination to be personally involved in a "messy corporate implosion" speaks to his own pride, his affection for Canada and his reluctance to walk away from what could be one of the worst moves he ever made, The New York Times reported.

End of road for BlackBerry? Calls off sale plan, to replace CEO

The only formal offer to buy BlackBerry - a tentative one - had come from Fairfax, which wanted to take the company private for $4.7 billion. But sources said Fairfax boss Prem Watsa had trouble financing the deal. Fairfax will now end up with $250 million of the debt offering.

By going private, BlackBerry might buy time to fix itself

A tentative deal to take BlackBerry Ltd private will not necessarily resolve challenges that pushed the smartphone maker into a corner in the first place, but it gives the struggling company some breathing room.

What BlackBerry going private means for India

The intent to go private is so that BlackBerry can now action their articulated mobile computing vision without pressure from financial markets in the medium-to-long-term.

Rumour has it: Blackberry suitors want to break it into two

Private equity firms are mostly interested in businesses such as BlackBerry's operating system and the patents around its keyboard, two of the sources said. However, one possibility is for a Canadian pension fund to team up with an investor to buy the whole company, which is currently worth a little more than $5 billion, one of the sources said.<br /><br />

Fairfax ups investment in troubled BlackBerry

BlackBerry&#039;s CEO hires two more of his former colleagues

BlackBerry Ltd said on Wednesday it hired two more senior executives who previously worked with its new chief executive officer...