The agreement is subject to regulatory approval and final negotiation, so it's not a finished deal. Fairfax still has to shore up financing. It also has six weeks to conduct due diligence.Source: The Tech Report
Although BlackBerry is free to solicit other bids during that period, it's hard to imagine there being much interest. Last Friday, the company announced a billion-dollar loss attributed primarily to unsold inventory of the new Z10 handset. The smartphone maker also revealed that it would cut 4,500 jobs—about 40% of its workforce.
BlackBerry to sell itself for $4.7 billion to Fairfax
Posted on Tuesday, September 24 2013 @ 14:21 CEST by Thomas De Maesschalck