TORONTO (AP) — Fairfax Financial Holdings said Wednesday it is buying another $250 million of convertible debt in BlackBerry in what Fairfax says is a show of confidence in the troubled smartphone maker’s new management.
TORONTO (Reuters) – Fairfax Financial Holdings Ltd will buy another $250 million worth of BlackBerry Ltds convertible debentures, the smartphone maker said on Wednesday. Fairfax is exercising a previously announced option linked to BlackBerrys recent $1 billion debt financing. (Reporting by Allison Martell; Editing by Bernard Orr)
By Laura Noonan LONDON (Reuters) – The interim chief executive recently appointed to revamp mobile phone maker BlackBerry is in it for the long haul, the companys largest shareholder Prem Watsa told Reuters. Watsa earlier this year sought partners in a $4.7 billion bid to take BlackBerry private. But his company, Fairfax Financial, then opted […]
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