On August 12, 2013 BlackBerry announced that it had formed a special committee to probe “strategic alternatives” to turn the company around, alternatives included seeking investments, forging alliances and even selling off the company. Fairfax Financial Holdings, currently the largest BlackBerry shareholder, submitted a non-binding buyout bid of $4.7 billion soon after that. Fairfax had until November 4th to finalize its bid after it had conducted due diligence, but as it stands right now, Prem Watsa’s outfit is not going to take BlackBerry private. The BlackBerry buyout plan has been shelved and instead of buying it, Fairfax and “other institutional investors” have decided to invest $1 billion in the ailing Canadian manufacturer.
BlackBerry Buyout Not Happening, Fairfax To Invest $1 Billion original content from Ubergizmo. 
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