Reuters: Technology News: BlackBerry's shares rise on report of buyout

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BlackBerry's shares rise on report of buyout Sep 9th 2013, 12:43 Tweet Share this Email Print Related Topics Tech » Hot Stocks » Asian Markets » A view shows the keyboard of the Blackberry Z10 at a Rogers store in Toronto February 5, 2013. Credit: Reuters/Mark Blinch NEW YORK | Mon Sep 9, 2013 8:43am EDT NEW YORK (Reuters) - BlackBerry Ltd's U.S. shares rose 3 percent on Monday after a report that a Canadian investor was closing in on a rescue deal for the battered smartphone maker that put itself up for sale last month. The company's shares rose to $11.17 in premarket trading after closing at $10.84 on the regular Nasdaq session after a report in Britain's Sunday Times newspaper that Canadian investor Prem Watsa has backing from pension funds for a bid. BlackBerry representatives were not immediately available for a comment. Watsa's company, Fairfax Financial Holdings, is BlackBerry's biggest shareholder with 10 percent, and is seen as key to any decision about a sale of the Canadian company. Watsa stepped down from BlackBerry's board in August citing a potential conflict of interest with the company's announcement that it was exploring strategic alternatives. (Reporting by Sinead Carew; Editing by Maureen Bavdek) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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