Sep 24

BlackBerry has agreed to a “letter of intent” to be acquired by Fairfax Financial, in a potential deal worth $4.7 billion or $9 per share. Fairfax Financial’s primary business is insurance. Fairfax’s CEO, Prem Watsa, was on the BlackBerry board of directors until he resigned from the position last month. The deal is far from complete and Blackberry is free to look for higher bids. » BlackBerry Receives Takeover Bid Worth $4.7 Billion