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Equity Firm Looks to Take BlackBerry Private

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Sep 23, 2013, 12:43 PM   by Eric M. Zeman

BlackBerry has signed preliminary paperwork with a consortium of equity companies that could lead to the company going private, reports the Globe and Mail. Fairfax Financial Holdings has cobbled together a handful of companies and offered $9 per share for BlackBerry, valuing the smartphone maker at about $4.7 billion. "BlackBerry has fallen on hard times recently, but we have every confidence it will be successful again," said Fairfax CEO Prem Watsa. "We're trying to make sure it remains in whole in Canada. We're looking at any possibility for the good of the company, its customers and its employees." BlackBerry announced that it is exploring strategic options for the business following poor adoption of its BlackBerry 10 platform.

more info at Globe and Mail »

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Subject Author Date
Good! HawkeyeOC Sep 23, 2013, 1:43 PM
  • Its about time! by Poison Ivy   Sep 23, 2013, 3:12 PM
  • Re: Good! by T Bone   Sep 23, 2013, 7:35 PM
    • Re: Good! by Globhead   Sep 23, 2013, 11:14 PM
      • Re: Good! by T Bone   Sep 24, 2013, 3:33 PM
        • Re: Good! by Globhead   Sep 25, 2013, 1:05 PM
            (more replies...)
 
 
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