• Register
Blackberry HQ

Qatar Holding invests $200m in BlackBerry debt offer

: Sunday, November 10 - 2013 @ 00:00

Qatar Holding, the Gulf country’s sovereign wealth fund, is among a handful of investors that have put money into BlackBerry’s $1bn convertible debt offering, Reuters has reported, citing a source familiar with the financing plan. The fund bought $200m of the offering, in which Fairfax Financial Holdings, BlackBerry’s largest shareholder, has itself put in $250m. The embattled smartphone maker abandoned plans last Monday to sell itself and replaced its chief executive. It said it would raise $1bn by issuing convertible notes to a small group of long-term investors, including Fairfax, which is run by investment guru Prem Watsa.

Today's Top Stories

Posted by

Sunday, November 10- 2013 @ 0:00 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

AME Info Services

Business DirectoryVIEW ALL

Search by name

Search by industry

Browse alphabetically


Search for jobs

Latest Jobs