Canadian manufacturer of BlackBerry smartphones, which is in financial difficulties, should be bought by a consortium led by Fairfax for 4.7 billion dollars (3.5 billion euros at the current exchange rate).
According to the agreement knownthis Monday, the consortium led by Fairfax, which already has 10% of Blackberry offers nine U.S. dollars ($ 6.7) for each of the remaining shares in an operation still depends on being guaranteed funding, which may come from the Bank of America Merrill Lynch and BMO Capital Markets, wrote to Lusa.
The acquisition, which will be approved in general meeting, will remove the Blackberry pouch, whose actions do list for about $ 8 (5.9 euros), well away from the maximum of $ 200 (148 euros) which came before the iPhone launch, Apple’s competitor.
The operation comes after have been unwelcome new phone model of BlackBerry, Z10, which aimed to compete with smartphones Apple and Samsung, which gained ground to the BlackBerry devices.
The BlackBerry, formerly known as Research in Motion (RIM), announced last week cutting 4,500 jobs (about 40% of workers) after the losses of 960 million dollars (711 million euros) in mobile Z10 unsold which appeared in your inventory.
The COO of Fairfax, Prem Watsa, said today in a statement that the operation “will open a new chapter in the BlackBerry” and that the company will once again be able to give feedback its shareholders.
Watsa abandoned last month the board of directors of BlackBerry to avoid a possible conflict of interest in the operation announced yesterday.
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