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BlackBerry goes private in $4.7 billion deal

0. phoneArena posted on 23 Sep 2013, 13:14

Just days after $1 billion operating loss for the second quarter, BlackBerry has been sold to Fairfax Financial Holdings for $4.7 billion; the latter already owns 10% of the troubled manufacturer. Current shary from the $150 that the stock traded at during 2007-2008 when the company's smartphones were a must-have in the business world.The shares are down 6% on Monday to $8.23...

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posted on 23 Sep 2013, 13:19 3

1. D.Aceveda (Posts: 396; Member since: 30 Jun 2012)

Maybe new owners will force BB to make new decisions

posted on 23 Sep 2013, 13:48 2

4. Droid_X_Doug (Posts: 5993; Member since: 22 Dec 2010)

Oh, there WILL be new decisions. I doubt that the present management team will like the decisions. I doubt that BB/RIM will be in the hardware business much longer.

posted on 23 Sep 2013, 16:04

11. james004 (Posts: 486; Member since: 15 May 2013)

they will sell their asset in pieces. but keep the name blackberry and BBM. Like nokia did with its name and Here map.

posted on 23 Sep 2013, 14:46 1

9. Mxyzptlk (unregistered)

Too late for that. That ship sunk a long time ago.

posted on 23 Sep 2013, 14:46 1

10. Mxyzptlk (unregistered)

And the constant delays of BB10 didn't really help much .

posted on 23 Sep 2013, 13:33

2. rihel_95 (Posts: 301; Member since: 21 Mar 2012)

what will happen to Z30?

posted on 23 Sep 2013, 13:39 5

3. roldefol (Posts: 4365; Member since: 28 Jan 2011)

Perhaps we should ask the Nokia N9.

posted on 23 Sep 2013, 16:53

12. aldridhl (Posts: 74; Member since: 12 Feb 2011)


posted on 23 Sep 2013, 13:53

5. RaKithAPeiRiZ (Posts: 1488; Member since: 29 Dec 2011)

any Z10 fire sale coming up?

posted on 23 Sep 2013, 14:04

6. GrapeEyes (Posts: 248; Member since: 01 Sep 2013)

I can't wait when they bring out the BlackBerry B1.

posted on 23 Sep 2013, 14:10 1

7. Pdubb (Posts: 248; Member since: 08 Aug 2011)

That would explain the delay in the bbm app perhaps?

posted on 23 Sep 2013, 14:26 1

8. aries.phills (Posts: 140; Member since: 17 May 2011)

I'm of the same thought.

posted on 23 Sep 2013, 17:01 1

13. djripster (Posts: 138; Member since: 10 Dec 2011)

BBM delay was blamed on the leaked APK files...

Just noticed that BlackBerry Limited has been removed from the Play Store though

posted on 23 Sep 2013, 17:02

14. djripster (Posts: 138; Member since: 10 Dec 2011)

Wish BlackBerry had just customized Android like Amazon... But I guess hardware requirements would have been much higher for their devices to make Android act like BB10

posted on 23 Sep 2013, 17:52 1

15. Martin_Cooper (Posts: 1614; Member since: 30 Jul 2013)

Do people who bought BB realise that its almost impossible to get BB back on feet? Microsoft is spending BILLIONS each year, has NOKIA behind them, and they still cant take more than 10% market share after 2-3 years. Do they realise how much money they will have to spend just to make BB OS, app store, image of the company get back on feet? Its ridiculous. Android is going towards total domination of 80%+, iOS is doing ok being king of premium smartphones, WP8 is doing well slowly and steady. There is just no freaking room for a 4th OS especially from a company which is synonym with failure, crappy innovation and delusional CEO.

posted on 23 Sep 2013, 20:08

16. Pdubb (Posts: 248; Member since: 08 Aug 2011)

We are going to see a plethora of new os platforms in the next few months. Firefox, Ubuntu, Jolla and etc so time will tell if it will be money or just innovation that will propel the next OS.

posted on 23 Sep 2013, 20:36

17. wrm2013 (Posts: 209; Member since: 28 Mar 2013)

Convert to android, still use the swiping of os10, call it blackdroid, keep the form factor of the q10 with a larger screen and it will do well.

posted on 23 Sep 2013, 22:44

18. rusticguy (Posts: 2828; Member since: 11 Aug 2012)

How much of a bounty does the Z10/Z30 CEO get?

posted on 23 Sep 2013, 23:03

19. Q1Q10 (Posts: 20; Member since: 08 Mar 2013)

So does that mean that no more updates to the os10 software, no more apps, never getting instagram, seems like a ton of people were just screwed over, luckily i have my lumia 920

posted on 25 Sep 2013, 16:30

20. profperez1 (Posts: 71; Member since: 08 May 2012)

I understand many people think it shouldn't go Android----but I don't see any choice now. I might dual boot. But most developers don't want to invest in this---and I don't blame them. They say they have 140,000 APPS----but 70,000 are owned by one company and are just sooped up databases. I don't think it workable.

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