Prem Watsa

Prem Watsa Warns of Tech Stocks Bubble; Still Optimistic with BlackBerry Ltd (BBRY)

Prem Watsa, the chairman and CEO of Fairfax Financial Holdings Ltd (TSE:FFH) warned that investors who own technology stocks including Twitter Inc (NYSE:TWTR) will end up hurting because their prices are unsustainable, but he...

BlackBerry Abandons Plan to Sell the Company, Stock Plunges

The stock price of BlackBerry declined more than 16% to $6.49 per share on Monday after the company revealed that it is abandoning its plan to sell the company instead it is raising $1...

BlackBerry Co-founders Lazaridis, Fregin Consider Buyout

Mike Lazaridis and Douglas Fregin, the co-founders of BlackBerry (NASDAQ:BBRY) (TSE:BB) are considering all available options including a possible buyout of all the outstanding shares of the struggling Canadian smartphone manufacturer, based on their...

BlackBerry Posts A Massive 2Q Loss

BlackBerry Ltd (NASDAQ:BBRY), the struggling smartphone maker posted a massive loss of $965 million, or $1.84 a share for the second quarter compared to a loss of $229 million, or 44 cents a share, for the same period last year. The Canadian firm told that it is burning cash at a brisk pace, and is...

T-Mobile To Stop Keeping BlackBerry Phones In Stock At Retail Stores

T-Mobile US (NYSE:TMUS), the fourth largest wireless communications provider in the United States said it will no longer keep stocks of BlackBerry (NASDAQ:BBRY) (TSE:BB) smartphones in its retail stores starting in the next few days because the consumer demand for the devices is not high. According to T-Mobile, it will continue to...

Prem Watsa’s Fairfax Offers $4.7 Billion To Take BlackBerry Private

BlackBerry (NASDAQ:BBRY) (TSE:BB) announced that a consortium of buyers led by Fairfax Financial Holdings (TSE:FFH) (OTCMKTS:FRFHF), the firm controlled by Prem Watsa and its largest shareholder offered to acquire the company and take it...

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