GOING PRIVATE: A Canadian flag waves in front of a Blackberry logo at the Blackberry campus in Waterloo. - Reuters
TORONTO: Smartphone maker BlackBerry has agreed to go private in a US$4.7bil (RM14.1bil) deal led by its biggest shareholder, allowing the on-the-go email pioneer to regroup away from public scrutiny after years of falling fortunes and slumping market share.
The US$9 (RM18) a share tentative offer, from a consortium led by property and casualty insurer Fairfax Financial Holdings Ltd, will set a floor for any counteroffers that might emerge for Blackberry, which has been on the block since August.
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