BlackBerry sale looks like it’s happening: $4.7B deal, intended buyer confirmed

BlackBerry’s been going through a real rocky time lately. While that little hiccup with the cross-platform BBM launch is embarrassing enough, it’s got nothing on the company’s financial woes. Last week, we heard about a new round of layoffs, later confirmed to slash 4,500 jobs. Sure, BlackBerry was trimming the fat, but what about those rumors of a straight-up sale, really circulating in full-force since this summer? Today, the other shoe finally drops, and we get news of Fairfax Financial’s intent to buy BlackBerry in a $4.7B deal.

So, what does this tentative deal mean for BlackBerry going forward? Well, in a statement, Farifax’s CEO talks about a desire to “continue the execution of a long-term strategy in a private company with a focus on delivering superior and secure enterprise solutions to BlackBerry customers around the world.”

That emphasis on enterprise solutions, rather than phones, has us wondering if Fairfax might transition BlackBerry away from an all-in-one solution and ditch its role in hardware as it focuses on software, maybe even for other platforms altogether.

For the moment, the future is uncertain, but it looks likely that this deal could ensure that the BlackBerry brand lives on, in one form or another.

Source: Bloomberg
Via: Phandroid

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About The Author
Stephen Schenck
Stephen has been writing about electronics since 2008, which only serves to frustrate him that he waited so long to combine his love of gadgets and his degree in writing. In his spare time, he collects console and arcade game hardware, is a motorcycle enthusiast, and enjoys trapping blue crabs. Stephen's first mobile device was a 624 MHz Dell Axim X30, which he's convinced is still a viable platform. Stephen longs for a market where phones are sold independently of service, and bandwidth is cheap and plentiful; he's not holding his breath. In the meantime, he devours smartphone news and tries to sort out the juicy bits Read more about Stephen Schenck!