BlackBerry To Go Private In $4.7B Sale To Top Shareholder

Law360, New York (September 23, 2013, 2:45 PM ET) -- Sputtering smartphone maker BlackBerry Ltd. said Monday that it has agreed to sell itself to its largest shareholder, Fairfax Financial Holdings Ltd., in a $4.7 billion deal that ties off speculation over whether the company would end up in new hands.

Under the deal's terms, Fairfax would fork over $9 per share, representing a slight premium over the Canadian company's Friday close. Sale rumors have buoyed BlackBerry's share value in recent weeks, but have not come close to recouping a substantial drop brought on by news...
To view the full article, register now.