BlackBerry higher on Qualcomm report; Fairfax reportedly fails to get funding

|About: BlackBerry Ltd. (BBRY)|By:, SA News Editor

After barely moving in response to a report Cerberus is thinking of teaming up with BlackBerry's (BBRY) co-founders, shares are up 1.7% AH in response to an update indicating Qualcomm is in talks to join the effort.

Meanwhile, in a report that's unlikely to surprise many, sources tell Bloomberg Prem Watsa's Fairfax Financial has failed to secure the financing it needs for its $9/share bid, ahead of a Monday deadline.

Fairfax's advisors, BofA and BMO, have reportedly been "rebuffed by other lenders" whom they reached out to. Credit Suisse is said to have passed after finding "tepid demand" among loan investors for financing a BlackBerry bid.

Watsa has said Fairfax, which owns 9.9% of BlackBerry, won't be putting any more of its own money into BlackBerry to help pay for an acquisition.