Canada’s ‘Warren Buffett’ might rescue BlackBerry

Canada’s “Warren Buffett” has reportedly emerged as the front-runner to acquire the country’s beaten-down smartphone maker BlackBerry (BRRY).

The d꧑evelopments come as Bla🦹ckBerry and its advisers have scrambled to move ahead with a rapid sales process aimed at finding a buyer by November.

According to London’s Sunday Times, BlackBerry shareholder Prem Watsa is closing in on a rescue deal for the Waterloo, Ontario-based company and has already assembled billions in backing from Canada’sℱ largest pension funds for a bid.

Watsa ru𒁏ns Fairfax Financial Holdings, which holds a 10% stake in BlackBerry, making it the company’s largest shareholder.

While Fairfax didn’t respond to a request for comment, a BlackBerry spokesperson said: “We cannot comment on speculation surrounding Prem Watsa and his efforts.”

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