IIT Madras graduate Prem Watsa led Fairfax Financials has offered to buy out Canadian firm Blackberry for $4.7 billion bringing the Indian origin investor back on the global M&A scene.
All eyes are on Watsa, who migrated to the North American country in 1972, as to whether he will be able to conclude the deal successfully and turn around the troubled smartphone maker who has been hit hard by Apple and Samsung.
$4.7 billion=29445.5 crore INR
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