Monday, 23 September 2013

Blackberry agrees $4.7billion buyout by Fairfax

BlackBerry’s fate is coming into focus. The company announced on Monday that it has signed a letter of intent with a consortium led by fairfax financial to buy out the company for about $4.7 billion, or $9 per share. Fairfax CEO Prem Watsa, a former BlackBerry board member, said that the buyout would make BlackBerry a private company and would “open an exciting new private chapter for BlackBerry, its customers, carriers and employees.” BlackBerry says it expects Fairfax to finish conducting its due diligence by November 4th. Even though the deal is non-binding at this point, BlackBerry will still have to pay Fairfax a fee of $0.30 per share if the deal doesn’t happen.
Hmmm! As we know, lots of us here in Nigeria uses BB, what is going to be our fate after blackberry must have been bought over. Babes forming with baBB, how market go be? lol. comment o

4 comments:

  1. Anonymous23 September 2013 at 22:43

    Its gonna b boring. What's gonna b our fate the bb users? Jor ooooooo!!!

    ReplyDelete
    Replies
    1. Law Soundking23 September 2013 at 23:03

      Funny though but I believe there is going to be a better platform for internet connections. Besides, this does not mean that BB will erased. The company that is taking over might introduce better technology. We can even list to android $ iphones if BB eventually dies. Lol

      Delete
  2. Anonymous23 September 2013 at 22:53

    Hmmm!!naija hommies wit out BB....dats gonna b damn funny

    ReplyDelete
  3. Law Soundking23 September 2013 at 23:07

    Yea. People without BB will be making mokery of those forming with BB. No be so?

    ReplyDelete

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