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  • BlackBerry Agrees to be Sold for $4.7 Billion>

BlackBerry Agrees to be Sold for $4.7 Billion

Posted by user@GruDi2015 
· Tuesday, September 24th, 2013 

Is it a new beginning or just another milestone in the decline and eventual demise of BlackBerry? In spite of diligent efforts to regain its position as a viable competitor in the smartphone market, BlackBerry has agreed to be acquired by a consortium led by Fairfax Financial, a Canadian insurance company that has been BlackBerry’s largest shareholder. The price will be $9 per share or $4.7 billion. For some this could be good news, but the sale was announced shortly after BlackBerry reported that it would lay off 40% of its workforce and that it expected a second-quarter loss of nearly $1 billion. The future of the brand remains unclear. Read more.

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