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BlackBerry Agrees To Sell For $4.7 Billion

BlackBerry Agrees To Sell For $4.7 Billion

September 23, 2013 Updated Sep 23, 2013 at 5:23 PM EDT

BlackBerry has agreed to sell itself for $4.7 billion to a group led by largest shareholder, Fairfax Financial Holdings Ltd.

BlackBerry said that a letter of intent has been signed and its shareholders will receive $9 in cash for each share.

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