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Posted by on Sep 23, 2013 in BlackBerry, tech news | 0 comments

BlackBerry Enters into Letter of Intent

BlackBerry Enters into Letter of Intent

Today BlackBerry Enters into Letter of Intent with Consortium led by Fairfax Financial.  The transaction valued at approximately U.S. $4.7 billion.  The consortium permits takes 6 weeks to conduct due diligence.

Prem Watsa, Chairman and CEO of Fairfax, said: “We believe this transaction will open an exciting new private chapter for BlackBerry, its customers, carriers and employees. We can deliver immediate value to shareholders, while we continue the execution of a long-term strategy in a private company with a focus on delivering superior and secure enterprise solutions to BlackBerry customers around the world.”

To read the entire press release Click Here

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