Black berry has just sold their company to Fairfax more info coming soon

source?

mr.drizzy:
source?

follow them on twitter for more information

4.7 Billion Dollars,

source: http://bgr.com/2013/09/23/blackberry-fairfax-financial-buyout/

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BlackBerry enters agreement for $4.7 billion sale of company to consortium led by Fairfax Financial  Mobile
By Donald Melanson posted Sep 23rd, 2013 at 1:36 PM 80


For the second time in as many trading days, shares of BlackBerry were halted in advance of some big news from the company. Today's news is no less big. BlackBerry has just announced that it's signed a letter of intent agreement for a sale of the company valued at $4.7 billion to a consortium led by Fairfax Financial (the company's largest shareholder). Pending due diligence that's expected to be completed by November 4th, the deal would see BlackBerry go private, with shareholders each receiving $9 per share in cash.

In a statement, Fairfax Chairman and CEO Prem Watsa said, "we believe this transaction will open an exciting new private chapter for BlackBerry, its customers, carriers and employees," adding, "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."

While BlackBerry CEO Thorsten Heins has yet to offer any public comment on the news, the chair of BlackBerry's Board of Directors, Barbara Stymiest, drew attention to that due diligence period in her statement, saying that "the go-shop process provides an opportunity to determine if there are alternatives superior to the present proposal from the Fairfax consortium." As part of the agreement, BlackBerry would have to pay a termination fee if it accepted another offer. You can find the official announcement of the deal after the break.

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SOURCE: MarketWatch
TAGS: acquisition, blackberry, breaking news, fairfax, fairfax financial, FairfaxFinancial, mobilepostcross, sale
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eddiebruk: 4.7 Billion Dollars,

source: http://bgr.com/2013/09/23/blackberry-fairfax-financial-buyout/

the times dat certain things come to an end is called'??

yep,its true but note as the BBC reports that BB can choose to sell to another buyer who brings in a more favourable offer
The company said it has "signed a letter of intent agreement under which a consortium to be led by Fairfax Financial Holdings Limited has offered to acquire the company subject to due diligence".
The statement continued: "Diligence is expected to be complete by November 4, 2013. The parties' intention is to negotiate and execute a definitive transaction agreement by such date."
However, Blackberry said it was not in exclusive talks with Fairfax and would continue to "actively solicit, receive, evaluate and potentially enter into negotiations" with other potential buyers.

BlackBerry, the once-dominant maker of addictive smartphones that has fallen on hard times in recent years, has been sold for $4.7bn to a consortium led by Canadian firm Fairfax Financial. On Friday, the company revealed it was firing 4,500 of its staff, about 40% of its global workforce, after saying it expected to lose nearly $1bn in the three months to August on disappointing sales of new phones.

http://www.theguardian.com/technology/2013/sep/23/blackberry-sold-fairfaix-financial

Struggling smartphone maker Blackberry has agreed in principle to be bought by a consortium led by Fairfax Financial for $4.7bn (£3bn).
Blackberry said in statement that Fairfax, its largest shareholder, had offered $9 a share in cash to buy the company.
Trading in Blackberry shares was temporarily halted in New York pending the announcement.
On Friday, Blackberry announced 4,500 jobs cuts in a bid to stem losses.
In August, the Canadian company said it was evaluating a possible sale.
The company said it has "signed a letter of intent agreement under which a consortium to be led by Fairfax Financial Holdings Limited has offered to acquire the company subject to due diligence".
The statement continued: "Diligence is expected to be complete by November 4, 2013. The parties' intention is to negotiate and execute a definitive transaction agreement by such date."
However, Blackberry said it was not in exclusive talks with Fairfax and would continue to "actively solicit, receive, evaluate and potentially enter into negotiations" with other potential buyers.
Brian Colello, analyst at Morningstar, said that taking Blackberry private would allow the company to reorganise without being under the glare of Wall Street investors and was therefore probably a good option.
He said: "Based on the company's disastrous earnings warning on Friday, I think a deal had to happen and the sooner the better. This is probably the only out for investors and the most likely outcome.
"The benefit to this sort of takeover is the ability for Blackberry and the consortium to reinvent the company without public scrutiny. It appears that the end game is going to be whether Blackberry can emerge as a niche supplier of highly-secured phones to enterprise customers and governments."
Blackberry's financial problems came to a head this year following disappointing sales of its new Z10 model smartphone.
Released in January - after many delays - the phone has failed to enthuse consumers.
Over the summer, word trickled out the company had hired a series of advisors to help it explore options.

http://www.bbc.co.uk/news/business-24214301

I knew ANDRIOD was a bad guy

dem don collect receipt?.u knw nigerian police cud b funny at times.

@ op, its not a done deal yet