Prem Watsa

India-Born Watsa: An Investor With A Long View

As soon as Prem Watsa stepped down from BlackBerry's board in August, speculation that he would launch a bid for the troubled smartphone maker started to swirl.

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.

Prem Watsa's Fairfax buys 26% stake in brokerage IIFL for Rs 1621 cr: Key facts

Canadian investor Prem Watsa's Fairfax India Holdings Corp plans to increase its stake in Indian financial services firm IIFL Holdings IIFL to up to 26 percent for $225 million ( Rs 1600 crore) through a share tender offer.

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.

No more 'for sale' sign at BlackBerry: What it means for Watsa

With BlackBerry having no debt before this deal, the bonds offer Watsa more protection should the company go bust but also promise profits should it recover. They can be converted into BlackBerry common shares at $10 each.

What is BlackBerry without the phone? New CEO rubbishes rumours

New BlackBerry CEO John Chen has said it is way too premature to comment on long term plans for the business, but rubbished reports that he was planning to kill off the company's handset production unit.

Fairfax denies rumours that BlackBerry bid is falling through

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.

BlackBerry Newsmakers: Who is Indian origin investor Prem Watsa?

Often called Canada's version of Warren Buffet, Watsa preaches a long view that suggests it may be too early to assess his decision to take on a leading 10 percent stake in BlackBerry.