INQUIRER.net: Ailing BlackBerry agrees to $4.7 billion buyout

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Ailing BlackBerry agrees to $4.7 billion buyout Sep 24th 2013, 00:37 OTTAWA—Tech pioneer BlackBerry made a last roll of the dice Monday and agreed to a probable $4.7 billion buyout by a consortium planning to take the struggling smartphone maker private.   BlackBerry was once a leader in mobile tech but has been squeezed by rivals Android and Apple, which coincidentally announced record sales of its latest iPhone on Monday.   The Ontario-based company said it had signed a letter of intent with a group led by Fairfax Financial Holdings Limited, which has offered to acquire the company.   Fairfax, a Canadian firm headed by billionaire Prem Watsa, is already BlackBerry's largest shareholder with approximately 10 percent... Keep on reading: Ailing BlackBerry agrees to $4.7 billion buyout Media files: Blackberry.jpg (image/jpeg)

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