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Posts Tagged ‘Fairfax Financial Holdings Ltd’

The BlackBerry saga took an interesting turn on Monday when BlackBerry announced that it had a change of heart. The company took itself off the table, ousted CEO Thorsten Heins and said it would take a $1 billion loan from Fairfax Financial, which reportedly wasn’t able to raise enough cash for its proposed $4.7 billion […]

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By Dinesh Nair DUBAI (Reuters) – Qatar Holding LLC is among a handful of investors that have put money into BlackBerrys $1 billion convertible debt offering, a source familiar with the financing plan said on Wednesday. The Qatari sovereign wealth fund bought as much as $200 million of the offering, in which Fairfax Financial Holdings […]

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Blackberrys end times are apparently delayed: a sale is off the table, and the new plan is to raise $1 billion in new funds and find a new CEO.  Until today, Fairfax Financial was all set to buy the embattled Canadian mobile giant for bargain bin prices. Blackberry filed a letter of intent to sell […]

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