BlackBerry to be acquired for $4.7 Billion
Posted by: Timothy Tibbetts on 09/23/2013 01:18 PM
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It appears BlackBerry is ready to start a new chapter after the recent failure to get any market share with their new phones.
The foundering smartphone pioneer told AllThingsD that it had agreed to be acquired by a consortium led by Fairfax Financial Holdings, which will take it private in a deal worth about $4.7 billion.
No one else knows who that consortium consists of.
“We believe this transaction will open an exciting new private chapter for BlackBerry, its customers, carriers and employees,” Fairfax Chairman and CEO Prem Watsa said in a statement. “We can deliver immediate value to shareholders, while we continue the execution of a long-term strategy in a private company with a focus on delivering superior and secure enterprise solutions to BlackBerry customers around the world.”
Pro tip for the new BlackBerry owners: Android. Should have done that last time.
The foundering smartphone pioneer told AllThingsD that it had agreed to be acquired by a consortium led by Fairfax Financial Holdings, which will take it private in a deal worth about $4.7 billion.No one else knows who that consortium consists of.
“We believe this transaction will open an exciting new private chapter for BlackBerry, its customers, carriers and employees,” Fairfax Chairman and CEO Prem Watsa said in a statement. “We can deliver immediate value to shareholders, while we continue the execution of a long-term strategy in a private company with a focus on delivering superior and secure enterprise solutions to BlackBerry customers around the world.”
Pro tip for the new BlackBerry owners: Android. Should have done that last time.
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