 "Canada's 'Warren Buffett' might acquire sinking BlackBerry")
BlackBerry shareholder Prem Watsa might acquire the sinking Ontario-based company.
Watsa, referred as Canada's 'Warren Buffett' runs Fairfax Financial Holdings, which holds a 10% stake in BlackBerry, making it the company's largest shareholder.
According to the New York Post, Watsa is closing in on a rescue deal for BlackBerry and has already assembled billions in backing from Canada's largest pension funds for a bid.
The mobile manufacturing company and its advisers have scrambled to move ahead with a rapid sales process aimed at finding a buyer by November.
Fairfax didn't comment on the matter while a BlackBerry spokesperson said that the company cannot comment on speculation surrounding Watsa and his efforts.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app