Tuesday, September 24, 2013

BlackBerry is acquired for $ 4.7 billion by investor - nrc.nl

Blackberry Stock

AP Photo / Lefteris Pitarakis

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BlackBerry is acquired for 4.7 billion dollars (3.47 billion euros) by the Canadian investment company Fairfax Financial. The Canadian smartphone manufacturer has just accepted the bid.

BlackBerry has been for years in dire straits due to a disappointing number of units sold. Last Friday made BlackBerry CEO Thorsten Heins early poor results for the quarter: a loss of nearly $ 1 billion (735 million euros). BlackBerry sold only 3.7 million smartphones in the last three months. As a result, the turnover half lower than expected.

The head of Fairfax, Prem Watsa, was until last month the board at Blackberry. He resigned after the company had indicated a sale to consider.

Last week, BlackBerry announced 40 percent of its staff to dismiss. In fact, BlackBerry halves themselves, says NRC technology editor Marc Hijink today NRC Handelsblad : 2015 to spend 50 percent returned by the operating expenses the company is trying to make itself more attractive to an inevitable sales – before it to a forced sale comes. This sale is now.

Trading in shares of Blackberry is temporarily halted by the bid.

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BlackBerry
Fairfax Financial

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