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BlackBerry agrees to US$4.7bn buyout

BlackBerry has agreed to a buyout by Toronto-based financial holding company Fairfax Financial Holdings, which owns about 10 per cent of the mobile company’s shares. (Credit: BlackBerry) BlackBerry has announced that it has signed a letter of intent to be acquired for US$4.7 billion by a consortium led by Fairfax Financial Holdings, with shareholders to be bought out at US$9 …

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BlackBerry’s loss is Windows Phone’s gain

The folks at Microsoft’s Windows Phone unit may not publicly admit it, but they’re likely jumping for joy today. That’s because Windows Phone’s closest competitor, BlackBerry, has essentially throw in the towel. The company on Monday said it had agreed on a $4.7 billion deal that would take it private, while continuing its shift away from the consumer smartphone market. …

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