Company
Fairfax Financial
TL;DR
Fairfax Financial acquired BlackBerry in 2016 after the company's failed attempt to compete in the smartphone market.
Fairfax Financial acquired BlackBerry in 2016 after the company's failed attempt to compete in the smartphone market. The acquisition marked the end of BlackBerry's hardware business - a cautionary tale of what happens when companies treat permanent market shifts as temporary scarcity.