Blackberry shares up

Blackberry shares are trading up today with news a Canadian investor is closing in on a deal for the company.

Fairfax Holding’s chairman Prem Watsa reportedly has the backing of the Canada Pension Plan investment board in a bid for Blackberry.

Fairfax Holdings is Blackberry’s biggest shareholder with 10%.

Watsa was on Blackberry’s board until stepping down in August citing a potential conflict of interest in the company’s exploring “strategic alternatives.”