Canadian smartphone maker BlackBerry has agreed to be bought by a consortium led by an investment firm. The deal will take the company private.
BlackBerry said on Monday that it has reached a tentative 4.7-billion-dollar deal with a group headed by Fairfax Financial Holdings.
The investment firm currently holds about 10 percent of BlackBerry's shares. The final purchase price will be decided after November.
Smartphone pioneer BlackBerry had a nearly 20 percent share of the global market in 2009.
But that has dropped to less than 3 percent in recent years.
BlackBerry said on Monday that it has reached a tentative 4.7-billion-dollar deal with a group headed by Fairfax Financial Holdings.
The investment firm currently holds about 10 percent of BlackBerry's shares. The final purchase price will be decided after November.
Smartphone pioneer BlackBerry had a nearly 20 percent share of the global market in 2009.
But that has dropped to less than 3 percent in recent years.
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