Blackberry Receives Buyout Offer From Fairfax Capital For 4 7 Billion Dollars
Blackberry has just announced (via Business Insider) that an investment firm has put in an offer for the company. At $9 a share, the deal is worth about 4.7 billion dollars in total. Fairfax already owns about 10 percent of Blackberry before the deal. Having an investment company buy Blackberry does not have a direct impact on the smartphone market. Often though, investment firms buy out companies with the aim of selling off assets separately....