Blackberry sold to Fairfax Financial for $4.7 billion

  BlackBerry has agreed to sell itself for $4.7 billion to a group led by largest shareholder, Fairfax. BlackBerry said Monday that a letter of intent has been signed and its shareholders will receive $9 in cash for each share. Fairfax head Prem Watsa is a former board member who owns 10 percent of BlackBerry. Watsa stepped down when BlackBerry announced it was considering a sale last month. The billionaire is one of Canada's...............more news via link