Fairfax Financial
TL;DR
Fairfax Financial acquired BlackBerry in 2016 after the company's failed attempt to compete in the smartphone market.
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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.