BlackBerry has officially filed a letter of intent with Canadian holding company Fairfax Financial, an offer that could lead to it returning to private ownership. The news follows BlackBerry halting trading on its shares, just as it did before announcing mass layoffs and its retreat from the consumer market last week, and it's not unlike Michael Dell's attempt to take his company private. According to a press release, the deal is valued at around $4.7 billion, with stockholders receiving $9 a share in cash.
BlackBerry, formerly RIM, has been struggling for years, and the company has been open to a buyout since last month. This letter is a preliminary step to the company going private under Fairfax's ownership, but the BlackBerry board...
via The Verge - All Posts http://www.theverge.com/2013/9/23/4762666/blackberry-receives-buyout-offer
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