After various failed attempts to make a comeback, Blackberry finally decided to go private. A consortium (group of investors) led by Fairfax Finacial, which is also the biggest shareholder in Blackberry, has decided to acquire all the shares in order to make it a private company.
Fairfax is a candian property and casualty insurance company headed by India born Mr Prem Watsa. Mr Watsa was also a member of the board in Blackberry but stepped down in August this year.
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