The Canadian telecommunication and wireless equipment company Blackberry which is popular for their business phones had a deal with a Canadian firm Fairfax Financial Holdings Ltd owned by an Indian Billionare V. Prem Watsa for $4.7 Billion.
Both the companies announced it on 23rd September.BlackBerry announced that a letter of intent has been signed and its shareholders will receive $9 in cash for each share.
Blackberry announced that they have signed it but they are open to other offers till 4th November. Firefax already holds 10% of Blackberry.
Blackberry also recently announced their BlackBerry Messenger (BBM) for Anroid and IOS.
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