Guess this is the month that the former mobile giants are getting sold. Microsoft boutgh Nokia a few weeks ago and now BlackBery is getting sold as well. BlackBerry was in financial trouble for some time, just a few days ago they announced layoffs at the company. Today they agreed to a buyout offered by Fairfax Financial Holding Limited. Fairfax already owns 10% of BlackBerry and they have offerd to buy the rest of the shares for $9 a share and make the company private.
Prem Watsa the CEO of Fairfax said “We believe this transaction will open an exciting new private chapter for BlackBerry, its customers, carriers and employees. We can deliver immediate value to shareholders, while we continue the execution of a long-term strategy in a private company with a focus on delivering superior and secure enterprise solutions to BlackBerry customers around the world.”
However nothing is being said about there plans for the future of this Canadian company. Will they still make phones, will they sell the company in pieces, will they move to another OS like Android? Guess will just have to wait and see what the plans for BlackBerry are.
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