Fairfax could be the
best option for the struggling smart phone giant.
This follows a deal reached
in which a consortium under the lead of Fairfax financial
offered a $4.7bn deal
to Blackberry.
Fairfax is the largest
shareholder of the company with about 10%, according to a statement by
Blackberry, and had agreed to offer cash payment of $9 per share of the
company.
Blackberry is however
going ahead to look for other options as negotiations are still in progress
with Fairfox.
This comes at a time
when blackberry is struggling financially. On Friday about 4,500 employees were
dismissed in bid to manage losses.
0 comments:
Post a Comment