(MENAFN) Fairfax Financial Holdings Ltd. Chief Executive Prem Watsa reported that the company will not give up its plan to fund its USD4.7 billion bid for BlackBerry Ltd., a smartphone maker, according to Arab News. Watsa said: "We wouldn"t put our name to such a high-profile deal if we didn"t feel confident that at the end of the day that our due diligence would be fine and we"d be able to finance it." Investors expect the deal to succeed as shares of BlackBerry reached one dollar below the bid price on the Nasdaq.