Thursday, September 26, 2013

BlackBerry should be bought for 4.7 billion dollars - Sol

A Canadian manufacturer of BlackBerry telemveis that financial difficulties, should be bought by the consortium led by Fairfax for 4.7 billion dollars (3500 million euros currency exchange desk current rate).

Under the agreement known today, the consortium led by Fairfax, which already has 10% of Blackberry, offers nine dollars (6.7 dollars) for each of the remaining aces in a operation still depends on being secured funding, which could come from the Bank of America Merrill Lynch and BMO Capital Markets.

The acquisition, which have to be approved in general meeting, will remove the Blackberry pouch, whose aces cotizan about 8 dollars (5.9 euros), well away from maximum of 200 dollars (148 euros) that arrived before the release of the iPhone, Apple’s competitor.

The operation comes after being unwelcome telemvel the new model of the BlackBerry, Z10, which aimed to compete with smartphones from Apple and Samsung, which gained ground equipment to the BlackBerry .

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 sold which appeared in your inventory.

COO of Fairfax, Prem Watsa, said today in a statement that the operation “open a new chapter in the BlackBerry” and that the company is again in a position to give back to its shareholders.

Watsa abandoned in ms past the board of administration of the BlackBerry to avoid possible conflict of interests in the operation announced today.

Lusa / SUN

No comments:

Post a Comment