Blackberry >> is to be sold ; WORLD IN BRIEF [Newcastle Evening Chronicle (England)]
(Newcastle Evening Chronicle (England) Via Acquire Media NewsEdge) TROUBLED smartphone maker BlackBerry has agreed a deal that will see it sold to a consortium led by its largest shareholder for $4.7 billion (Pounds 2.85bn).
The Canadian firm said it had signed a letter of intent agreement with Fairfax Financial over a $9 per share cash deal.
It comes days after BlackBerry, one of the pioneers of the smartphone industry, revealed it expected to make a loss of a billion dollars (Pounds 606m) after disastrous sales of its new handsets, and would lay off 4,500 staff.
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