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).
Under the agreement known today, 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 funding being secured which could come from Bank of America, Merrill Lynch and BMO Capital Markets.
The acquisition, which will be approved in general meeting, will remove the Blackberry pouch whose actions do list in about 8 dollars (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 being unwelcome new phone model of BlackBerry, Z10, which aimed to compete with smartphones from 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 appearing on the unsold 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 in a position to return to its shareholders.
Watsa abandoned in Last month, the board of directors of BlackBerry to avoid a possible conflict of interests in the transaction announced today.
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