On August 12, 2013 BlackBerry announced that it had formed a special committee to probe “strategic alternatives” to turn the company around, alternatives included seeking investments, forging alliances and even selling off the company. Fairfax Financial Holdings, currently the largest BlackBerry shareholder, submitted a non-binding buyout bid of $4.7 billion soon after that. Fairfax had until November 4th to finalize its bid after it had conducted due diligence, but as it stands right now, Prem Watsa's outfit is not going to take BlackBerry private.
Ubergizmo , BlackBerry Buyout Not Happening, Fairfax To Invest $1 Billion
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, BlackBerry Buyout Not Happening, Fairfax To Invest $1 Billion
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