All items tagged with "Fairfax Financial"

John Sculley: We Had The Funds To Buy BlackBerry, But We Waited Too Long

John-Sculley

Former Apple CEO John Sculley has confirmed that he and a group of investors were lining up a bid for BlackBerry, but they waited too long and lost out. In an interview on Bloomberg Surveillance, Sculley reveals how he was surprised when the struggling smartphone maker announced a $1 billion investment deal earlier this week.

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BlackBerry Scraps Sale Plans, Fires CEO Thorsten Heins Instead

BlackBerry-Q10-front-black

BlackBerry has today announced that it has scrapped plans to sell its hardware business, and that it will be replacing current CEO Thorsten Heins instead. The Canadian company has also secured $1 billion from a group of investors led by Fairfax Financial, and its CEO, Prem Watsa, will become lead director.

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