November 4, 2013
Blackberry Scraps Plans to Go Private – Watsa Invests $1 Billion and Takes Over
![](https://rickhendershot.com/wp-content/uploads/2013/11/john-chen-blackberry.jpg)
John Chen is the new interim CEO of Blackberry. Today was the day the Fairfax Financial (Prem Watsa) deal was supposed to go to the next phase. Watsa had signed a deal some months ago to buy the company for $4.7 billion and take it private. But when he couldn’t arrange the financing the way