0
Wireless

Fairfax eyes Blackberry deal with Canadian funds - report

Tuesday 10 September 2013 | 10:27 CET | News
BlackBerry's biggest shareholder has approached several large Canadian investment funds about forging a deal to take the smartphone maker private, but the proposal is still "an airy-fairy, 'what if' kind of thing," a source with direct knowledge of the situation told Reuters. Fairfax Financial Holdings has a 10 percent stake in BlackBerry. Its chairman and chief executive, Prem Watsa, recently left BlackBerry's board in order to avoid any possible conflict of interest as the company assesses its strategic options. The source told Reuters that in addition to Fairfax, there had been an early

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: Mobile & Wireless
Companies: BlackBerry
Countries: World
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

BlackBerry abandons sale, CEO steps down

Published 04 Nov 2013 15:39 CET | World
BlackBerry has abandoned plans to sell the company and instead agreed a new investment and management team led by its largest ...

Qualcomm considers joint bid for BlackBerry - report

Published 04 Nov 2013 08:58 CET | World
Qualcomm is in talks to join a possible bid for BlackBerry, people familiar with the matter told the Wall Street Journal. ...

BlackBerry attracts more interested suitors - report

Published 03 Oct 2013 09:13 CET | World
Investor Cerberus Capital Management could be interested in BlackBerry, the Wall Street Journal reported, citing people familiar ...

FairFax-led group signs LoI to acquire BlackBerry

Published 23 Sep 2013 21:22 CET | Canada
BlackBerry has signed a letter of intent to sell the company to a consortium led by Canadian insurance firm FairFax Financial. ...

BlackBerry to cut up to 40% of staff by year-end - report

Published 19 Sep 2013 09:00 CET | World
BlackBerry is preparing to cut up to 40 percent of its staff by the end of this year, people familiar with the matter told the ...

Huawei says no plans for handset acquisition

Published 05 Sep 2013 12:37 CET | World
Huawei is not interested in buying one of its troubled rivals, such as HTC or BlackBerry. The head of Huawei's consumer business, ...

BlackBerry plans quick auction to sell assets - report

Published 05 Sep 2013 08:50 CET | World
BlackBerry plans to run a quick auction to sell off its assets, which could be wrapped up by November, people familiar with the ...

BlackBerry looks to sell some ops, continue in niche market

Published 03 Sep 2013 08:45 CET | World
BlackBerry will be able to compete as a niche company in the smartphone business, but some subsets will have to be sold off, a ...

BlackBerry separates BBM in new company - report

Published 28 Aug 2013 09:17 CET | World
BlackBerry is considering spinning off its messaging service into a more independent subsidiary, people familiar with the matter ...

BlackBerry to consider sale of company

Published 12 Aug 2013 15:05 CET | World
BlackBerry has confirmed it is considering a possible sale of the company. The smartphone maker announced that its board has ...





Calendar   /   Industry Events

25 Oct Facebook Q3
25 Oct Dtac Q3 2021
25 Oct Calix Q3 2021
26 Oct F5 Networks fiscal Q4
26 Oct Twitter Q3 2021
26 Oct MediaTek Q3
26 Oct Microsoft fiscal Q1
26 Oct SK hynix Q3
26 Oct Orange group Q3 2021
26 Oct Siminn Q3 2021
26 Oct KPN Q3 2021
26 Oct NENT Q3 2021
26 Oct Juniper Networks Q3 2021
26 Oct Corning Q3
26 Oct TIM Brasil Q3 2021
26 Oct Alphabet Q3 2021
26 Oct Digital Realty Q3
26 Oct MWC Los Angeles
26 Oct Samsung Developer Conference
26 Oct Cabsat
26 Oct FCC meeting
27 Oct Vertiv Q3
27 Oct Netgear Q3
27 Oct Megacable Q3
27 Oct Twilio Q3
27 Oct Telefonica Deutschland Q3 2021
27 Oct TIM Q3 2021
27 Oct Spotify Q3 2021
27 Oct Android Dev Summit
27 Oct Digital Utilities Europe 2021
::: More Calendar Items