BlackBerry Receives $4.7 Billion Offer
Comments (0)
BlackBerry (Creative Commons)
The offer comes just days after Blackberry announced it would cut 4,500 jobs, or 40 percent of its workforce, following a quarterly loss of almost $1 billion.
SEE ALSO: In Defense Of The Blackberry
The sale would allow Fairfax Financial to take the company private and rebrand without the scrutiny that comes with public trading.
BlackBerry will continue to field offers until Nov. 4, but analysts suggest Fairfax Financial's $4.7 billion valuation may be more bullish than other offers.
While BlackBerry once ruled the corporate world, bring your own device policies have gained popularity and have pushed iOS and Android devices into more workplaces.
Read More of Neon Tommy's Smartphone coverage
