BlackBerry Reaches Tentative Deal to Go Private

BlackBerry Reaches Tentative Deal to Go Private Play

Sept. 23 (Bloomberg) -- BlackBerry Ltd. got a tentative $4.7 billion buyout offer from a group led by its biggest shareholder, forging a path to go private after a new line of smartphones failed to catch on. The group led by Fairfax Financial Holdings Ltd. would offer $9 a share, according to a statement today -- a 3.1 percent premium over BlackBerry’s closing price last week. Bloomberg's Emily Chang, Jon Erlichman, Cristina Alesci, Hugo Miller and Cory Johnson report on Bloomberg Television's "Bloomberg West." Hilary Mason, data scientist in residence at Accel Partners, also speaks. (Source: Bloomberg)

  • On Air Now

    The Pulse Watch Now

  • Next

    Bloomberg Surveillance

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

blog comments powered by Disqus