BlackBerry, the previous kingpin of mobile devices,has now been replaced by the new innovations from Apple and Android. Outdone by its combination, BlackBerry has taken a steep dive over the past year and is looking for a savior. Their prayers were answered. Prem Watsa has step forward to make a deal with BlackBerry.
Who is Prem Watsa- The man who aims to save Blackberry 
Although being often referred to as Warren Buffet’s Canadian counterpart, he has never really been in the medial spotlight. Prem Watsa has be renown for taking chances against the markets, butting heads with analysts and ultimately coming out on top. Through his infamous “budget chops” that reaped profit in the unlikely time of USA’s recession, Watsa has shown that he can make good out of a bad situation. However, can he revive the seemingly irretrievable company of BlackBerry. Apple and Android have occupied the majority of the market and established a comfortable lead midst its competitors. With many disregarding the BlackBerry brand as a “weaker smartphone” the chances for revival are slim. Will Watsa restore RIM back into its powerhouse position as the “smartest” smartphone or has his Warren Buffet’s idea of “investing in quality, looking into the future” made him dig an early grave? Only time can tell.
References:
http://www.theverge.com/2013/9/23/4762666/blackberry-receives-buyout-offer
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