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Monday, Sep 9
Watsa puts together funding for BlackBerry bid
- BlackBerry's (BBRY) shares are +4.2% following a report in the U.K.'s Sunday Times that former director Prem Watsa has lined up billions of dollars in backing from Canada Pension Plan Investment Board to take the troubled handset maker private.
- Other Canadian pension funds are seen supporting Watsa's bid as well.
- Watsa, whose Fairfax Financial is Blackberry's largest shareholder with a 10% stake, resigned from the company's board in August after it said it was considering selling itself.