The company plans to raise $1 billion with a private placement of convertible debentures.
He has been a long time Blackberry fan and user.
Months before Fairfax Financial Holdings Inc bid $4.7 billion for BlackBerry Ltd, Fairfax boss Prem Watsa played a role in securing a golden parachute worth as much as $55 million for the smartphone maker's chief executive.
Bidders eyeing parts of Canadian smartphone maker than the whole company, say sources
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