Wednesday, September 25, 2013

Smartphone Company Blackberry Sold

Smartphone market flounders in the BlackBerry also by standing on the verge of ikane. BlackBerry deal was fixed in 4.7 billion.

Fairfax financial companies led a team of nearly 300 billion rupees, or $ 4.7 billion in May to purchase the BlackBerry.

BlackBerry has issued a statement that its biggest shareholder with 10 percent of the stock, priced at $ 9 per share by Fairfax company has offered to buy.

Although the company has said that he will continue talks with Fairfax but, other options will open the way for.

The past, the company has losses to four and a half thousand jobs to finish was announced.

Sales lethargy

The Canadian company said its BlackBerry products led to a slowdown in sales of a billion dollars with him.

On Monday, the company said, "we have signed an agreement with Fairfax financial, under which fairfax's desire to buy the BlackBerry had led canopen. Although earlier backrest options will also be considered."

According to the company that will market information by November to raise four followed by a gradual process of sale.

BlackBerry has however said that the company is not for sale she is from fairfax alone and that the new offer also talashega.

Fairfax Chairman, Canadian billionaire love vatsa said, "we think this business BlackBerry history and it would be a defining moment for consumers, employees."

He said, "we could give right price their shareholders money. in addition the company would continue to work on a strategy for a long time so that your consumers better product BlackBerry."

Fairfax with

Morningstar analyst Brian kolelo said, "keep the private sector from the BlackBerry company in the eyes of Wall Street investors a chance to climb avoiding changes."

He said, "on Friday after the company warned of losses found to be deal and these would be better as soon as possible. the Fairfax no not to buy it."

CCS insight's research head, Ben wood says that Fairfax to deal with chance to BlackBerry punranirman zed10 new BlackBerry smartphone. reduced demand caused the company faced financial crises.

After many blockages was launched in January this year it failed to phone people proved rijha.

Announced job cuts after the company's stock price was 17 per cent of weakness, but on Monday after the news of the Fairfax deal price correction of a per cent.