The Saga Of BlackBerry Could Mercifully Be Coming To A Close

Shannon Stapleton / Reuters

The saga of BlackBerry is mercifully nearing an end, as the first offer to purchase the company has finally come out.

The company has received an offer to sell itself for $9 a share, which totals about $4.7 billion, to Fairfax Financial, a holding company. Fairfax currently owns approximately 10% of the company. BlackBerry is still allowed to consider other proposals, but its value is a far cry from when the company had a stock price in the hundreds of dollars.

The sale would bring to a close a traumatic year for the company, which released a new smartphone that ended up costing BlackBerry nearly $1 billion and failed to return the company to relevance alongside the iPhone and Android devices.

Source: ComScore data

The company’s stock has basically dived alongside its market share as competing smartphone providers have seen their value increase dramatically.

BlackBerry has been actively searching for buyers and considered selling off or spinning out its most popular assets, like its BlackBerry Messenger service.

Since BlackBerry is allowed to consider other offers, this could turn into a huge bidding war, similar to the way that a deal to take Dell private turned into a battle with billionaire hedge fund manager Carl Icahn. But this marks one of the first steps of the official end of BlackBerry as the public knows it.

Read more: http://buzzfeed.com/mattlynley/the-saga-of-blackberry-could-mercifully-be-coming-to-a-close

June 30, 2016
The Saga Of BlackBerry Could Mercifully Be Coming To A Close

The Saga Of BlackBerry Could Mercifully Be Coming To A Close

View this image › Shannon Stapleton / Reuters The saga of BlackBerry is mercifully nearing an end, as the first offer to purchase the company has […]
June 30, 2016
Miss Officer and Mr Truffles

Miss Officer and Mr Truffles

Read more: http://imgur.com/gallery/qelII
June 30, 2016
Nobody Panic, But Parker Posey Has An Adorable Dog

Nobody Panic, But Parker Posey Has An Adorable Dog

5 photos of Parker walking the dog: View this image › 1. View this image › 2. View this image › 3. View this image › […]
June 30, 2016
MRW my mom is talking on the phone with someone and says "Huh? Oh yeah, he's right here."

MRW my mom is talking on the phone with someone and says “Huh? Oh yeah, he's right here.”

Read more: http://imgur.com/gallery/MOBdLLx
Prev page
123456789101112131415161718192021222324252627282930313233343536373839404142434445464748495051525354555657585960616263646566676869707172737475767778798081828384858687888990919293949596979899100101102103104105106107108109110111112113114115116117118119120121122123124125126127128129130131132133134135136137138139140141142143144145146147148149150151152153154155156157158159160161162163164165166167168169170171172173174175176177178179180181182183184185186187188189190191192193194195196197198199200201202203204205206207208209210211212213214215216217218219220221222223224225226227228229230231232233234235236237238239240241242243244245246247248249250251252253254255256257258259260261262263264265266267268269270271272273274275276277278279280281282283284285286287288289290291292293294295296297298299300301302303304305306307308309310311312313314315316317318319320321322323324325326327328329330331332333334335336337338339340341342343344345346347348349350351352353354355356357358359360361362363364365366367368369370371372373374375376377378379380381382383384385386387388389390391392393394395396397398399400401402403404405406407408409410411412413414415416417418419420421422423424425426427428429430431432433434435436437438439440441442443444445446447448449450451452453454455456457458459460461462463464465466467468469470471472473474475476477478479480481482483484485486487488489490491492493494495496497498499500501502503504505506507508509510511512513514515516517518519520521522523524525526527528529530531532533534535536537538539540541542543544545546547548549550551552553554555556557558559560561562563564565566567568569570571572573574575576577578579580581582583584585586587588589590591592593594595596597598599600601602603604605606607608609610611612613614615616617618619620621622623624625626627628629630631632633634635636637638639640641642643644645646647648649650651652653654655656657658659660661662663664665666667668669670671672673674675676677678679680681682683684685686687688689690691692693694695696697698699700701702703704705706707708709710711712713714715716717718719720721722723724725726727728729730731732733734735736737738739740741742743744745746747748749750751752753754755756757758759760761762763764765766767768769770771772773774775776777778779780781782783784785786787788789790791792793794795796797798799800801802803804805806807808809810811812813814815816817818819820821822823824825826827828829830831832833834835836837838839840841842843844845846847848849850851852853854855856857858859860861862863864865866867868869870871872873874875876877878879880881882883884885886887888889890891892893894895896897898899900901902903904905906907908909910911912913914915916917918919920921922923924925926927928929930931932933934935936937938939940941942943944945946947948949950951952953954955956957958959960961962963964965966967968969970971972973974975976977978979980981982983984985986987988989990991992993994995996997998
Next page