Fairfax Financial sells out of BlackBerry at a steep loss, 16 years after buying in

Fairfax Financial Holdings (FFH) has sold out of its BlackBerry stake (BB), terminating a 16-year relationship that ultimately proved money-losing. The move comes as attention returns to BlackBerry via renewed investor interest in its car software business. Overall, the article signals portfolio rationalization but provides no quantified financial impact, suggesting limited near-term market movement.

Analysis

Fairfax Financial Holdings (FFH) has sold out of its BlackBerry stake (BB), terminating a 16-year relationship that ultimately proved money-losing. The move comes as attention returns to BlackBerry via renewed investor interest in its car software business. Overall, the article signals portfolio rationalization but provides no quantified financial impact, suggesting limited near-term market movement.