BlackBerry is preparing to sell for $ 4.7 billion





Twice in a few days, trading in shares of a Canadian company’s BlackBerry has been suspended pending the big news. BlackBerry has just announced the signing of a letter of intention to sell the company for $ 4.7 billion. The buyer was a consortium of American holding company Fairfax Financial, which today is the largest shareholder of the company, says Engadget.

It is expected that the transaction will close on November 4. BlackBerry will be closed company and shareholders per share will be paid $ 9 in cash.

Chairman and CEO Fairfax Prem Watts said:

We believe that this transaction opens a new and interesting chapter in the history of the BlackBerry, its customers, employees and partners. We will take into account the interests of shareholders and will continue to perform long-term strategy for the establishment of a private company, while providing high quality and safe solutions for our customers around the world.

We are waiting for an official statement from the mouth of the CEO Thorsten Heins BlackBerry. The head has not given any comments on this topic. If the BlackBerry suddenly decides to refuse to perform its obligations, under the terms of the agreement, it will be forced to pay a second side of the penalty.
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