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Fairfax to take Blackberry private
Posted on 9/23/13 at 12:54 pm
Posted on 9/23/13 at 12:54 pm
quote:
BlackBerry Ltd. (TSX:BB) says it has signed a deal to be bought by a consortium led by its largest shareholder in a deal valued at U$4.7 billion.
The consortium led by Fairfax Financial Holdings. Ltd. (TSX:FFH) has offered US$9 per share in cash for the smartphone maker.
Under the deal, the consortium would all acquire of the outstanding shares of BlackBerry not held by Fairfax, which owns approximately a 10 per cent in the company.
Hard to know what to think. Seems like the ultimate melting ice cube, but the Fairfax guy is a legend.
LINK
3
Posted on 9/23/13 at 1:02 pm to HortensePowdermaker
It was inevitable. They actually got more than I was expecting at $9 a share.
Posted on 9/23/13 at 1:13 pm to HortensePowdermaker
quote:
$4.7 billion.
This should end well.
Posted on 9/23/13 at 10:17 pm to HortensePowdermaker
quote:
Hard to know what to think. Seems like the ultimate melting ice cube, but the Fairfax guy is a legend.
$9 a share is about right - if he can leverage a couple of government contracts here and there and get a hot new product out there on the RIM network, the company can survive - however, they should focus on their basic customer base - a phone optimized for business, email, productivity, etc. - not try to out-Apple Apple.
Just my $0.02.
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