BlackBerry 4.7 will be Purchased Worth A Billion Dollars by the Investment Company Origin Canada

BlackBerry 4.7 will be Purchased Worth A Billion Dollars by the Investment Company Origin Canada

Some time ago the BlackBerry said it is entering an agreement with a consortium led by Fairfax Financial Holdings with a value of $ 4.7 billion (Rp 53.8 trillion). Thus the BlackBerry will become a privately owned company (shares not sold to the public). The shareholders will receive nine dollars (U.S. $ 103 thousand) per share, rounded up from 8.23 dollars a share price of BB in the stock market.

This deal will be completed on November 4. Until that date, the BlackBerry has the right to wait on offers from other companies. Fairfax itself is a company that has assets worth 31 billion dollars. The investment strategy of their CEO, Prem Watsa, compared to many popular financial mogul Warren Buffett.

This deal is certainly a little relief that struggling BlackBerry for failing to compete with Apple iPhone and Google Android smartphones in the world. Stock they may be currently under 10 dollars, but first at its highest point the stock they have is worth 15 times as much, which is 145 dollars in 2008. We await further news.

via CNET

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