True World Intelligence News (TWIN)

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BlackBerry provisionally agrees to $4.7bn sale

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BlackBerry, the beleaguered Canadian smartphone maker, has agreed to be acquired
for $4.7bn (£2.9bn) by a private equity consortium led by Toronto-based Fairfax
Financial.

Fairfax already owns 10pc of Blackberry and would pay other investors $9 per
share. The deal is subject to due diligence and regulatory approval. BlackBerry
shares opened at $8.22 on Monday.

http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/electronics/10329331/BlackBerry-provisionally-agrees-to-4.7bn-sale.html

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Written by voiceoftruthusa

September 24, 2013 at 4:50 am

Posted in Uncategorized

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