Watsa, who is BlackBerry's largest shareholder with a 10% stake, stepped down from the smartphone pioneer's board in August. He cited a potential conflict of interest when the company announced it was putting itself up for sale.
Monday, September 9, 2013
BlackBerry's Largest Shareholder Closing in on Rescue Deal
According to a report in The Sunday Times , the chairman of Fairfax Financial Holdings has assembled billions of dollars in backing from Canada's biggest pension funds. The UK newspaper notes that shares in BlackBerry have fallen from $148 in 2008 to $11 this year but rose slightly on the news of a possible rescue.
Watsa, who is BlackBerry's largest shareholder with a 10% stake, stepped down from the smartphone pioneer's board in August. He cited a potential conflict of interest when the company announced it was putting itself up for sale.
Watsa, who is BlackBerry's largest shareholder with a 10% stake, stepped down from the smartphone pioneer's board in August. He cited a potential conflict of interest when the company announced it was putting itself up for sale.
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