Institutional investors sought for BlackBerry deal: Report

Fairfax Financial is looking for more than US$1 billion from institutional investors to back its $4.7 billion purchase of BlackBerry, according to a report.

By: Staff
September 25, 2013 September 13, 2019
10:19

Institutional investors sought for BlackBerry deal: Report

Fairfax Financial is looking for more than US$1 billion from institutional investors to back its $4.7-billion purchase of BlackBerry, according to a report.

The Globe and Mail reports that Fairfax’s CEO, Prem Watsa, has contacted a number of pension and private equity funds to see if they’d be interested in taking part in the deal.

The report says Ontario Teachers’ Pension Plan is considering joining the consortium.

Fairfax owns nearly 10% of BlackBerry, making it the company’s largest shareholder.

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Pension funds may take part in BlackBerry takeover: Reports

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