BlackBerry agrees to $4.7 billion takeover deal

BlackBerry agrees o sell to a consortium led by Fairfax Financial Holdings.
BlackBerry agrees o sell to a consortium led by Fairfax Financial Holdings. Credit: Graeme Roy/The Canadian Press/Press Association Images

Struggling smartphone maker BlackBerry said it has agreed to sell to a consortium led by its largest shareholder, Fairfax Financial Holdings, for $4.7 billion (£2.9 billion).

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Blackberry in £2.9bn sale

Struggling smartphone maker BlackBerry said it has agreed to sell to a consortium led by its largest shareholder, Fairfax Financial Holdings, for $4.7 billion (£2.9 billion).