Blackberry to be acquired by Fairfax Financial Holdings in a deal of worth $4.7Billion, both the companies (BB and Fairfax Financial hld.) announced this on Monday.
The deal is not done yet. According to the agreement, Fairfax Financial hld. can take this step when ever they want. Fairfax Financial already owns 10% of shares of blackberry approximately.
BB was at the peak in the mid of 2007 and was worth of $100+ billion but now BlackBerry will got to private of 2/3 price of Microsoft acquired Nokia of, for $7.2 billion.
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