Woww BlackBerry Receives Offer To Go Private For $4.7 Billion from Fairfax Financial Holdings Limited for $9 per share, or $4.7 billion

Hello folks, Blackberry messenger for Android and Blackberry messenger for iOS is being trending topic this weekend, and now BlackBerry Receives Offer To Go Private For $4.7 Billion, BlackBerry just received an offer to go private from Fairfax Financial Holdings Limited for $9 per share, or $4.7 billion.

Fairfax signed a letter of intent agreement for the offer. It already owns about 10% of BlackBerry. 

Meanwhile, BlackBerry is currently trading at about $8.20 per share. To be clear, this is just a formal offer for Fairfax to buy BlackBerry, but the deal has not gone through yet. BlackBerry's board has agreed to the terms in the letter.

Last week, BlackBerry announced that it plans to cut 4,500 jobs. It also said it lost nearly $1 billion last quarter

Source: business insider