video Finance Videos
BlackBerry gets a $4.7b deal
Monday, September 23, 2013 - 00:45
Sep. 23 - Smartphone maker BlackBerry has agreed to a $4.7 billion takeover by its largest shareholder, Fairfax Financial. Bobbi Rebell reports.
▲ Hide Transcript
▶ View Transcript
Just when things looked like they were hitting bottom- BlackBerry has a deal. Fairfax Financial- its biggest shareholder- will pay $4.7 billion dollars for the smartphone maker, taking it private. That works out to $9 a share for the Canadian company. Just last week BlackBerry warned it will report a quarterly loss of nearly a billion dollars. Sales will also be much worse than forecasts. BlackBerry is also laying off 4,500 workers- more than a third of its workforce. According to analyst Jack Gold "It could provide them with cover to re-architect the company even more than they are now. Can BlackBerry ultimately survive? That's not as clear. " Shares, which had plunged on Friday, rose on news of the deal.
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code
BlackBerry gets a $4.7b deal
Monday, September 23, 2013 - 00:45
Top News »
2:26am BST - (1:35)
Mon, 23 Apr, 2018 - (0:56)
Mon, 23 Apr, 2018 - (0:52)
Mon, 23 Apr, 2018 - (1:12)
Mon, 23 Apr, 2018 - (1:56)
Mon, 23 Apr, 2018 - (0:45)
Sun, 22 Apr, 2018 - (1:06)
Sat, 21 Apr, 2018 - (2:00)
Sat, 21 Apr, 2018 - (1:58)
Sat, 21 Apr, 2018 - (1:03)
Sat, 21 Apr, 2018 - (1:03)
Sat, 21 Apr, 2018 - (1:22)
Editors' Picks »
10:00am BST - (1:36)
Fri, 20 Apr, 2018 - (1:24)
Fri, 20 Apr, 2018 - (2:04)
Thu, 19 Apr, 2018 - (0:57)
Thu, 19 Apr, 2018 - (1:45)
Tue, 17 Apr, 2018 - (2:44)
Tue, 17 Apr, 2018 - (2:15)
Mon, 16 Apr, 2018 - (1:59)
Sat, 14 Apr, 2018 - (1:09)
Most Popular »
Wed, 12 Jul, 2017 - (1:40)
Thu, 13 Apr, 2017 - (1:17)
Business »
12:06am BST - (1:27)
Mon, 23 Apr, 2018 - (1:22)
Mon, 23 Apr, 2018 - (0:47)
Mon, 23 Apr, 2018 - (5:43)
Mon, 23 Apr, 2018 - (1:22)
Mon, 23 Apr, 2018 - (3:18)
Mon, 23 Apr, 2018 - (1:26)
Mon, 23 Apr, 2018 - (0:53)
Mon, 23 Apr, 2018 - (1:40)
Mon, 23 Apr, 2018 - (2:03)
Mon, 23 Apr, 2018 - (1:46)
Mon, 23 Apr, 2018 - (1:41)
Featured Videos
UK royals Kate and William have baby boy
It's a boy. Britain's Duchess of Cambridge has given birth to her third child, and second son, with husband Prince William
Aussie pilot Hall soars to victory in Cannes
Australian pilot Matt Hall claims victory in the second leg of the Red Bull Air Race world championship in Cannes, France
Luxury liner Queen Elizabeth II reopens as floating hotel
One of the world's most famous ships is now a floating hotel permanently moored at Dubai's Mina Rashid port
World Toad in the Hole Championships
The aim of the traditional pub game originating from France is to land as many large brass coins or 'toads' in a table's small hole
Tarantula burgers on the menu
For adventurous diners, tarantula topped burgers are available at a Durham, North Carolina restaurant as part of its ‘exotic meat’ month
Technology »
Mon, 23 Apr, 2018 - (1:55)
Sun, 22 Apr, 2018 - (1:30)
Fri, 20 Apr, 2018 - (1:50)
Thu, 19 Apr, 2018 - (1:54)
Thu, 19 Apr, 2018 - (0:46)
Wed, 18 Apr, 2018 - (1:03)
Wed, 18 Apr, 2018 - (1:01)
Wed, 18 Apr, 2018 - (1:35)
Tue, 17 Apr, 2018 - (1:25)
Entertainment »
10:06am BST - (1:25)
8:16am BST - (2:02)
Mon, 23 Apr, 2018 - (1:28)
Mon, 23 Apr, 2018 - (1:39)
Mon, 23 Apr, 2018 - (2:11)
Mon, 23 Apr, 2018 - (1:50)
Mon, 23 Apr, 2018 - (0:39)
Sat, 21 Apr, 2018 - (1:24)
Sat, 21 Apr, 2018 - (0:59)
Fri, 20 Apr, 2018 - (0:46)
Sports And Leisure »
9:59am BST - (0:47)
Mon, 23 Apr, 2018 - (1:17)
Mon, 23 Apr, 2018 - (2:38)
Mon, 23 Apr, 2018 - (1:27)
Mon, 23 Apr, 2018 - (1:17)
Mon, 23 Apr, 2018 - (1:30)
Mon, 23 Apr, 2018 - (1:40)
Mon, 23 Apr, 2018 - (1:07)
Fri, 20 Apr, 2018 - (1:08)
Thu, 19 Apr, 2018 - (2:22)
Oddly Enough »
Mon, 23 Apr, 2018 - (0:45)
Fri, 20 Apr, 2018 - (1:00)
Fri, 20 Apr, 2018 - (1:27)
Thu, 19 Apr, 2018 - (0:53)
Thu, 19 Apr, 2018 - (0:53)
Tue, 17 Apr, 2018 - (1:33)
Tue, 17 Apr, 2018 - (1:27)
Thu, 12 Apr, 2018 - (0:49)
Dateline Asia »
Tue, 05 Dec, 2017 - (2:06)
Tue, 05 Dec, 2017 - (2:11)
Fri, 01 Dec, 2017 - (2:04)
Thu, 30 Nov, 2017 - (2:10)
Thu, 30 Nov, 2017 - (2:14)
Wed, 29 Nov, 2017 - (2:11)
Tue, 28 Nov, 2017 - (1:55)
Tue, 28 Nov, 2017 - (2:21)
Mon, 27 Nov, 2017 - (2:25)
Fri, 24 Nov, 2017 - (2:16)
Fri, 24 Nov, 2017 - (2:14)
Thu, 23 Nov, 2017 - (2:18)