BlackBerry Reaches Tentative Deal to Go Private
Sept. 23 (Bloomberg) -- BlackBerry Ltd. got a tentative $4.7 billion buyout offer from a group led by its biggest shareholder, forging a path to go private after a new line of smartphones failed to catch on. The group led by Fairfax Financial Holdings Ltd. would offer $9 a share, according to a statement today -- a 3.1 percent premium over BlackBerry’s closing price last week.
Bloomberg's Emily Chang, Jon Erlichman, Cristina Alesci, Hugo Miller and Cory Johnson report on Bloomberg Television's "Bloomberg West." Hilary Mason, data scientist in residence at Accel Partners, also speaks. (Source: Bloomberg)