Tech

Blackberry Becomes A Private Company After $4.7 Billion Takeover

Blackberry announced Monday that it would become a private company after reaching a deal with Fairfax Financial Holdings for $4.7 billion dollars. The New York Times reports that BlackBerry entered into this agreement through a special committee that evaluated strategic options for the firm.

Although this deal still needs to undergo the traditional approval process, Fairfax Financial Holdings will become the primary owner. BlackBerry shareholders will receive 9$ a share but the question still remains if the company can survive against the incredible competition Apple, Samsung and Google provides.

Share this article!

Share Tweet Share Email

The BlackBerry Z10 was meant as the primary competition for the iPhone. The device wasn’t reviewed well which already adding more struggles to the faltering firm. BlackBerry cut 4,500 jobs on Friday so this negotiation could be a blessing they desperately need. With the shift towards enterprise solutions, the legacy of BlackBerry where once having one of those phones symbolized a position of power still looks dark. However, they may have received the support they need no matter how brief it could be.

Microsoft Surface 2 & Surface Pro 2 Event Summary: Top 10 Facts You Need To Know

Microsoft hosted a keynote today announcing the new Surface 2 & Surface Pro 2. Here are the top ten facts you need to know.

Click here to read more

Leave a comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 738 other followers