Reuters Article 8/14 Holy Batman.. Can U Say Massive Short Squeeze? Read Article.
Reuters 8/14/13 400:a.m. Article : Watsa to hold keys to a BlackBerry deal
By Euan Rocha and Greg Roumeliotis
TORONTO/NEW YORK (Reuters) - BlackBerry is expected to draw preliminary interest from technology companies, buyout firms and Canadian pension funds, but its fate may ultimately rest in the hands of its largest shareholder, Prem Watsa's Fairfax Financial Holdings.
Any serious bidder would likely be hoping to get Watsa, the Fairfax founder and chairman who is often called Canada's answer to billionaire U.S. investor Warren Buffett, on their side .Leo De Bever, the chief executive of Alberta Investment Management Corp, said he expected some of the largest Canadian pension funds, including his own, to look at any potential deals for the company.
Analysts said firms ranging from established mobile phone players like Apple Inc and Samsung Electronics Co to technology giants like Amazon, Facebook Inc, Cisco Systems Inc, Hewlett-Packard Co and IBM Corp, may also be drawn to the beleaguered smartphone maker's assets such as patents or its network or instantmessaging platforms. Watsa hasn't said how much he would want for his stake in BlackBerry. But one guidepost would be $17 per share.