8 years ago
Monday, September 23, 2013
BlackBerry agrees to $4.7 billion buyout
The end in site of former Tech pioneer BlackBerry has come as the company has agreed to a probable $4.7 billion buyout by a consortium planning to take the struggling smartphone maker private.
BlackBerry was once a leader in mobile tech but has been squeezed by rivals Android and Apple, which coincidentally announced record sales of its latest iPhone on Monday.
The Ontario-based company said it had signed a letter of intent with a group led by Fairfax Financial Holdings Limited, which has offered to acquire the company.
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