Business

BlackBerry Agrees To Sell Itself For $4.7 Billion

NPR | Sept. 23, 2013 5:38 p.m.

Contributed By:

Steve Henn, Robert Siegel

Facing a business death spiral, BlackBerry has made a tentative deal to sell the company to a major shareholder for $4.7 billion. Under the proposed transaction, a group led by Fairfax Financial Holdings would take BlackBerry private. The announcement comes only three days after BlackBerry announced disastrous financial results.

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