Prem Watsa couldn't buy BlackBerry for $4.7 billion, so he bought it for $1 billion instead
In a surprise twist this morning, BlackBerry is going to stay public. What I’ll do in this quick editorial is explain what’s happening in plain language, along with my thoughts. The financing: Fairfax wasn’t able to raise the entire $4.7 billion required to go firm on its original $9/share take-private bid. That much had been anticipated, and was heavily reported in the media this...