BlackBerry: Going…going… for $4.7 billion

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BlackBerry For Sale

Very soon, someone is going to accuse of giving too much coverage to BlackBerry. Which would be untrue. But perhaps such an accusation would be fair in the light of how many BlackBerry-related articles have been published here in the last 48 hours or so. Earlier today, the spanking new BlackBerry Z30 arrived here too for a review (which means even more BlackBerry-related articles to come). Now, in more BlackBerry news, the struggling company seems t have found a willing buyer in Fairfax Financial Holdings Ltd. Fairfax has stated a willingness to purchase BlackBerry for $4.7 billion. The buyer has 6 weeks to conduct due diligence and is free to walk if they are not pleased with their findings. BlackBerry is free to continue shopping for other buyers during the period. Let’s call this the courtship period; right?

BlackBerry had weeks before now stated that they were exploring options that included a sale of the company and were looking to close a sale by November. If this sails through, that target would be met squarely.

Fairfax already owns approximately 10 percent of BlackBerry’s shares. If the buyout goes through, the Canadian mobile manufacturer will become a private company. CEO of Fairfax says that the interest of the company is in providing “superior and secure enterprise solutions to BlackBerry customers around the world”.

  1. I’m seeing a coincidence of things. Share price is low. Agreement to sell. Announcement of BBM release for other OSs.

    Coincidentally the BBM rollout doesn’t happen. The following Monday the intended sale is announced.

    I’m going to watch and see hoe the buyout and subsequent operations of BlackBerry. What I really want to see is how this will affect sales.
    As it is, forget BB10 – OS7 devices are still overpriced and under-spec’d compared to the competition.

  2. A conspiracy Theorist would say, ‘snakes have internal hands”

    We have to proverbially dance to Agidigbo drum. Only the wise understands the dance steps…..and only the perspicacious knows its rudiments…

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