Oh, Canada. Will you be able to bring the once-proud smartphone pioneer out from the ashes of failure? We’ll soon find out.
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Fairfax strikes $4.7-billion deal to buy BlackBerry
Theglobeandmail
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Published September 23, 2013
TECHi's Take
Fairfax Financial Holdings Ltd. has put together an equity consortium that is seeking to take BlackBerry Ltd. private for $9 (U.S.) a share, a deal valued at about $4.7-billion.
BlackBerry is giving the group six weeks to conduct due diligence, with a final agreement expected by Nov. 4. BlackBerry is able to look for alternative offers in the meantime, but the Fairfax group has a right to match them. Fairfax’s equity partners want to remain anonymous until the due diligence is completed.
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