Fairfax Holdings CEO Prem Watsa is voicing confidence he can raise the funds to pay for the $4.7 billion bid he's leading to take struggling smartphone maker BlackBerry private.
In an interview with Thomson Reuters, the man sometimes dubbed Canada's version of investment billionaire Warren Buffett said "we wouldn't put our name to such a high-profile deal if we didn't feel confident that at the end of the day that our due diligence would be fine and we'd be able to finance it."
BlackBerry shares were down fractionally at $7.95 shortly after noon in Thursday trading.
Apple shares were up $3.21at $484.74 shortly after noon as investors continued to examine the smartphone and computer giant's recent rollout of two new iPhone models.
Citing data from research firm IHS iSuppli, The Wall Street Journal reported that Apple is maintaining strong profit margins on sales of both the upscale iPhone 5S and lower-end 5C models.
Tech investors could soon get a chance to buy stock in China ecommerce company Alibaba from a U.S. exchange. Numerous media reports said the company had scrapped plans to list its much-awaited initial public offering in Hong Kong and instead list in New York.
Published on: USAtoday
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