BlackBerry, who once used to be one of the most popular handset makers, has not had much luck over the last few years. With the release of BlackBerry 10 earlier this year, the company was hoping to turn things around.
BlackBerry, formerly RIM, announced earlier in the week that they expected to have a $1 billion loss, and now they have agreed the sale of BlackBerry to Canadian financial group, Fairfax Financial.
Fairfax Financial is an insurance company, and they have agreed to purchase BlackBerry for $4.7 billion US dollars, which is $9 per share. Fairfax was already the largest shareholder in BlackBerry before the deal was agreed.
Source Android Community