BlackBerry Agrees To Go Private In $4.7 Billion Deal

In the north, BlackBerry is more than a mobile technology company or, you can say, a dominant smartphone maker. Today, Company announced that it has received a buyout offer at $9 per share for about $4.7 billion in total, from investment firm Fairfax Financial.

The company will (technically) still be Canadian and this offer will take the tanking company private. Though Fairfax is based in Toronto, almost two thirds of its employees are in the United States.

On Friday, BlackBerry announced that it was planning to cut 4,500 jobs in the face of nearly $1 billion in expected losses.

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