Today, blackberry received a buy off from Fairfax Financial Holdings Limited, of $4.7 billion. Blackberry was once the leader of smart phones. However, their failure to keep up with competitors such as Apple and Android, led to their downward spiral and eventual downfall. Fairfax intends to take blackberry private, acquiring all the blackberry shares that haven’t already been acquired by them, at a price of $9 per share.
What will happen to blackberry’s fate? Will Fairfaxs’ takeover bring Blackberry back to its old glory?
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