Fairfax to take BlackBerry private

24 Sep 2013

Canadian handset maker BlackBerry has signed a provisional agreement to be bought out by a consortium led by its largest shareholder Fairfax Financial. The approximately USD4.7 billion purchase and delisting has been approved by BlackBerry’s board, although negotiations with other potential buyers are permitted until 4 November. Fairfax currently owns a roughly 10% stake in BlackBerry, which reportedly incurred an estimated second-quarter operating loss of close to USD1 billion, and recently announced it was reducing its workforce by 40%.

Canada, BlackBerry,


Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate

Browse Past Issues


Filter CommsUpdate by the following categories or use the search.


Visit our help page information on performing advanced searches, including how to restrict the results by country or company.


CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.