BlackBerry backer reassures investors after T-Mobile decision

09/26/2013 | Reuters · All Things D · Bloomberg Businessweek · Financial Post (Canada)

Fairfax Financial Holdings CEO Prem Watsa insisted on Wednesday that it would follow through on its offer to help take BlackBerry private after the company's shares fell by 6% on T-Mobile US' decision to stop stocking its phones and investor skepticism over the deal's prospects. BlackBerry canceled the investor conference call for its Friday earnings release. "We think it will flourish over time in a private setting, as a private company where there is no speculation as to what happens every quarter or every six months and the management team can focus on building it over the long term," Watsa said. Also, A pair of major Canadian pension funds have reportedly held talks with Fairfax about investing in BlackBerry.

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Reuters · All Things D · Bloomberg Businessweek · Financial Post (Canada)

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