Andrea Hopkins

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BlackBerry admits defeat as consortium bids US$4.7b to take it private

Smartphone maker BlackBerry has agreed to go private in a US$4.7 billion deal led by its biggest shareholder, allowing the on-the-go email pioneer to regroup away from public scrutiny after years of falling fortunes and slumping market share.

3 Jul 2018 - 5:57PM

Smartphone maker BlackBerry has agreed to go private in a US$4.7 billion deal led by its biggest shareholder, allowing the on-the-go email pioneer to regroup away from public scrutiny after years of falling fortunes and slumping market share.

BlackBerry admits defeat as consortium bids US$4.7b to take it private