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Fairfax to buy BlackBerry for $4.7 billion

September 24, 2013
By ROB GILLIES , The Associated Press

TORONTO - BlackBerry has agreed to sell itself for $4.7 billion to a group led by largest shareholder, Fairfax Financial Holdings Ltd. BlackBerry said Monday that a letter of intent has been signed and its shareholders will receive $9 in cash for each share.Fairfax head Prem Watsa is a former board member who owns 10 percent of BlackBerry.



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