BlackBerry Ltd T.BB

Alternate Symbol(s): BB

Technology Software - Infrastructure

BlackBerry Limited is a Canada-based company, which provides intelligent security software and services to enterprises and governments worldwide. The Company leverages artificial intelligence (AI) and machine learning to deliver solutions in the areas of cybersecurity, safety, and data privacy and specializes in the areas of endpoint management, endpoint security, encryption, and embedded systems. It operates in three segments: Cybersecurity, IoT, and Licensing and Other. Cybersecurity consists of BlackBerry UEM and Cylance cybersecurity solutions (collectively, BlackBerry Spark), BlackBerry AtHo, and BlackBerry SecuSUITE. The Company’s endpoint management platform includes BlackBerry UEM, BlackBerry Dynamics, and BlackBerry Workspaces solutions. The IoT consists of BlackBerry QNX, BlackBerry Certicom, BlackBerry Radar, BlackBerry IVY and other Internet of things (IoT) applications. Licensing and Other consists of the Company’s intellectual property arrangements and settlement award.

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BlackBerry Ltd

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Post by Spuds21on Jun 02, 2020 11:22am

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Post# 31101622

Fairfax Financial Holdings Ltd. has dismissed a report

Fairfax Financial Holdings Ltd. has dismissed a report that it was eyeing a deal to acquire BlackBerry Ltd.

“Fairfax is not currently making a bid, or engaged in making a bid, for BlackBerry,” said Fairfax general counsel Derek Bulas in an email to BNN Bloomberg Tuesday.

BlackBerry shares rallied six per cent in New York Monday, and added to those gains in early trading Tuesday, after Street Insider published an online report that Fairfax had held talks about purchasing the shares of BlackBerry that it does not already own.

Fairfax ranks as BlackBerry’s second-largest shareholder, according to Bloomberg data, with an 8.43 per cent stake.

A spokesperson for BlackBerry declined to comment on the situation.

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