August 12, 2013 / 9:09 PM / 4 years ago

Fairfax looking to take BlackBerry private: paper

TORONTO (Reuters) - Fairfax Financial Holdings, which is BlackBerry Ltd’s top shareholder with a 9.9 percent stake, is exploring ways to take the smartphone maker private, the Globe and Mail said on Monday.

People view the new Blackberry Z10 device at a Rogers store in Toronto February 5, 2013. REUTERS/Mark Blinch

Prem Watsa, who is chief executive of Fairfax, stepped down from BlackBerry’s board on Monday, citing a potential conflict of interest with the company’s announcement that it was exploring strategic alternatives.

Reporting by Cameron French; Editing by Gary Hill

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