BlackBerry Forums Support Community
              

Closed Thread
 
Thread Tools
Old 09-23-2013, 12:49 PM   #1
ZombieBerry
BlackBerry Extraordinaire
 
ZombieBerry's Avatar
 
Join Date: Sep 2010
Location: Toronto
Model: Priv
OS: 5.1.1
PIN: 2AB9C463
Carrier: WIND
Posts: 2,364
Default Fairfax makes a play for BlackBerry

Please Login to Remove!

Fairfax Bids For BlackBerry: $4.7 Billion Offered For Struggling Smartphone Maker

A consortium led by Fairfax Financial Holdings has offered to buy BlackBerry Ltd. Toronto-based Fairfax is offering US$9 cash for each share it doesn't already own, in a deal that values BlackBerry at about US$4.7 billion.

The $9 U.S. a share bid offers shareholders only a slight premium from the last price, $8.48, before trading was halted Monday afternoon.

Fairfax Financial is an investment company already owns a 9.9 per cent stake in the company. Its CEO, Prem Watsa, who has been called "Canada's Warren Buffet" recently resigned from BlackBerry's board of directors.

Source: huffingtonpost.ca
__________________
fere libenter homines id quod volunt credunt
Offline  
Old 09-23-2013, 01:02 PM   #2
ZombieBerry
BlackBerry Extraordinaire
 
ZombieBerry's Avatar
 
Join Date: Sep 2010
Location: Toronto
Model: Priv
OS: 5.1.1
PIN: 2AB9C463
Carrier: WIND
Posts: 2,364
Default Re: Fairfax makes a play for BlackBerry

Apparently, the deal is done.

Fairfax strikes $4.7-billion deal to buy BlackBerry - The Globe and Mail

Fairfax Financial Holdings Ltd. has put together an equity consortium that is seeking to take BlackBerry Ltd. private for $9 (U.S.) a share, a deal valued at about $4.7-billion.

BlackBerry is giving the group six weeks to conduct due diligence, with a final agreement expected by Nov. 4. BlackBerry is able to look for alternative offers in the meantime, but the Fairfax group has a right to match them. Fairfax's equity partners want to remain anonymous until the due diligence is completed.

Source: Home - The Globe and Mail
__________________
fere libenter homines id quod volunt credunt
Offline  
Old 09-23-2013, 01:17 PM   #3
fourstringfuror
BlackBerry Extraordinaire
 
fourstringfuror's Avatar
 
Join Date: Aug 2006
Location: Seattle
Model: Q10
OS: 10.3.1
Carrier: VZW
Posts: 1,058
Default Re: Fairfax makes a play for BlackBerry

Best news about BlackBerry in years.
__________________
"The price of liberty is eternal vigilance." -Thomas Jefferson
Offline  
Old 09-23-2013, 06:22 PM   #4
aiharkness
BlackBerry God
 
aiharkness's Avatar
 
Join Date: Jul 2005
Location: Florida Panhandle
Model: BBPP
OS: 10.3.3
Carrier: T-Mobile USA
Posts: 14,081
Default Re: Fairfax makes a play for BlackBerry

Deal isn't quite done, but probably will be eventually, provided the buyers are successful raising financing and there are no surprises.
__________________
- Ira
Offline  
Old 09-23-2013, 10:11 PM   #5
NJBlackBerry
Grumpy Moderator
 
NJBlackBerry's Avatar
 
Join Date: Aug 2004
Location: Somewhere in the swamps of Jersey
Model: SGS7
Carrier: Verizon
Posts: 27,948
Default Re: Fairfax makes a play for BlackBerry

There are quite a few contingencies in the deal, including six weeks for due diligency, BBRY has the right to shop the company around, and Fairfax has to line up financing!
Offline  
Old 09-24-2013, 12:10 AM   #6
Escorts
Thumbs Must Hurt
 
Join Date: Mar 2013
Model: 9700
PIN: N/A
Carrier: AT&T-US
Posts: 134
Default Re: Fairfax makes a play for BlackBerry

I think this transaction should not really affect customers since the company will still exist and still sell hardware, software and services.
Offline  
Old 09-24-2013, 08:34 AM   #7
dc/dc
Spam Reporter
 
dc/dc's Avatar
 
Join Date: Oct 2005
Location: IAD
Model: 6230
Carrier: Voicestream
Posts: 14,524
Default Re: Fairfax makes a play for BlackBerry

Quote:
Originally Posted by Escorts View Post
I think this transaction should not really affect customers since the company will still exist and still sell hardware, software and services.
It absolutely will affect the few customers that are left. Whether the effects are good or bad remains to be seen.
__________________
I h8 txtspk.
Offline  
Old 09-26-2013, 12:20 PM   #8
The Prophet
Thumbs Must Hurt
 
Join Date: Aug 2004
Model: 9700
Carrier: T-Mobile
Posts: 50
Default Re: Fairfax makes a play for BlackBerry

This is not a done deal yet -- There could be other suitors, or Fairfax could walk away

4.7 Billion is a high valuation for a company with a deteriorating market share with little or no hope of regaining it

It remains to be seen what Fairfax will do with RIM. This could really be the beginning of the end, especially if there is no Plan B
Offline  
Old 09-26-2013, 01:24 PM   #9
NJBlackBerry
Grumpy Moderator
 
NJBlackBerry's Avatar
 
Join Date: Aug 2004
Location: Somewhere in the swamps of Jersey
Model: SGS7
Carrier: Verizon
Posts: 27,948
Default Re: Fairfax makes a play for BlackBerry

Deal is most certainly not done, as reflected in the current stock price.
Watsa is contributing his 10% of the company, but won't invest any more.
Due diligence may reveal that the company isn't worth $9/share.
He can walk away with no penalty.
If BBRY finds another suitor, he gets $157mm.
Offline  
Closed Thread


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump

Similar Threads for: Fairfax makes a play for BlackBerry
Thread Thread Starter Forum Replies Last Post
Pearl will not play videos!!!!! stevenca General 8100 Series Discussion - Pearl 1 09-17-2008 06:59 AM
Media Player continuous play? smiller85 General 8300 Series Discussion - Curve 2 06-28-2008 09:44 AM
How do I get videos to play on Curve? MicelebBerry Media Center 2 06-19-2008 07:44 AM
unable to play media (.3gp) files on CDMA phone programmatically ajj_dev@yahoo.com Developer Forum 0 05-22-2008 08:16 AM
Play Voice voiceBerry General BlackBerry Discussion 4 07-06-2006 10:40 AM


New Original Omron CJ1W-TS561 Thermocouple Input input unit CJ1WTS561 picture

New Original Omron CJ1W-TS561 Thermocouple Input input unit CJ1WTS561

$916.00



New Allen Bradley 1762-IT4 MicroLogix Thermocouple/mV 4-Channel Input AB 1762IT4 picture

New Allen Bradley 1762-IT4 MicroLogix Thermocouple/mV 4-Channel Input AB 1762IT4

$405.00



New Factory Sealed AB 2080-TC2 2-channel Thermocouple Micro800 Plug-in Modules picture

New Factory Sealed AB 2080-TC2 2-channel Thermocouple Micro800 Plug-in Modules

$160.00



1769-IT6 Allen Bradley Compact I/O Thermocouple/mV Input Module Faakart picture

1769-IT6 Allen Bradley Compact I/O Thermocouple/mV Input Module Faakart

$720.00



K-Type Thermocouple Probe Digital Thermometer Steel Sensor Spiral Cable  picture

K-Type Thermocouple Probe Digital Thermometer Steel Sensor Spiral Cable

$10.49



2pcs K Type 0-400C Thermocouple Probe Sensor 5 Meter for Thermometer picture

2pcs K Type 0-400C Thermocouple Probe Sensor 5 Meter for Thermometer

$15.34







Copyright © 2004-2016 BlackBerryForums.com.
The names RIM © and BlackBerry © are registered Trademarks of BlackBerry Inc.