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IITian Prem Watsa bids to buy Canadian icon Blackberry.

  • 24 Sep 2013 4:05 PM
    Message # 1397319
    Pradeep Srivastava (Administrator)

       

    Prem Watsa, ‘Canada’s Warren Buffett,’ hatches plan to salvage BlackBerry

    Fairfax Financial CEO Prem Watsa speaks at the company's annual general meeting in Toronto on Thursday April 11, 2013.

    Fairfax Financial CEO Prem Watsa speaks at the company's annual general meeting in Toronto on Thursday April 11, 2013.

    A central figure behind the $4.7-billion deal for BlackBerry is Prem Watsa, chairman and chief executive of Toronto-based Fairfax Financial.

    Watsa, 61, joined BlackBerry’s board in early 2012 when Fairfax moved to become the Waterloo firm’s biggest shareholder, joining the board to help implement a turnaround plan.

    He resigned in mid-August as Fairfax was circling in with a bid to take BlackBerry private.

    Watsa was born in Hyderabad, India, and in 1971 completed his bachelor’s degree in chemical engineering from the Indian Institute of Technology. According to his biography as chancellor of the University of Waterloo, Watsa moved to Ontario in 1972 and later completed an MBA from the University of Western Ontario. Read more>>

      


    Read his story of accent to the pinnacle of glory in a Toronto Life Profile

     

     

     

    Last modified: 08 Oct 2013 11:04 AM | Ashutosh Singh
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