Breaking: BlackBerry Ltd. (BBRY) Sold For $4.7 Billion – An Underestimated Value ?

Must Read

Apple Has Finally Found The Right Partners To Launch Apple Cars By 2025

Rumours of a possible Apple Car in the making has been doing rounds for quite some time. But so...

Superstitions across different countries – An Overview

Some believe that a superstition is anything that people believe that is based on myth, magic, or irrational thoughts. They are beliefs that are steeped in lore or tradition, and it is usually difficult to pinpoint the exact origin. Here is a brief compilation of Superstitions which are prevalent across different countries.

The Absence Of Web ADA Compliance Could Be Costing Your Small Business

If your small business is competitive, you are probably using some form of technology. However, many small business owners...

Troubled Smartphone maker Blackberry Ltd. (NASDAQ:BBRY) finally sold to a financial consortium for $4.7 billion. The long troubled smartphone maker – once the leader of Smartphone market – finally agreed in principle to be acquired by a consortium led by Fairfax Financial Holdings Ltd.

Blackberry Sold for $4.7 billion

Though the details of the acquisition is yet to be unveiled, market pundits have started debating about the underestimated valuation of BlackBerry which is struggling to mark its presence in Smartphone industry for last few years. Interestingly, the acquisition has come at the time when Apple is celebrating the record sales of its newly launched iPhone 5S and iPhone C; Is there any significance between the two developments? Yes, When Apple first introduced iPhone to market, analyst didn’t bet for it against BlackBerry – synonym of Smartphone then; today, AFTER SIX YEARS, BlackBerry finally lost on all grounds against Apple.

Technically, the deal is not done yet; according to agreement Fairfax can walk away from the deal anytime. The toronto-based financial conglomerate already owns 10% of BlackBerry common share. Just two back Blackberry announced to cut 35% of its man force (4,500 people) to reduce its growing losses.

Advertisements

The share value of Blackberry is already trading at its all time low value and the recent failed launch of Blackberry Z10 worked as the last nail in its coffin.

More details coming soon…

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Google’s Dirty Secret Has Left Android Users In Australia Stunned, Strikes Back!

After going head-to-head with Google to make the search giant agreeing to its Media Bargaining Code, Australia is now...

In-Depth: Dprime

Will ‘TikTok By Microsoft’ Be A Winner?

For the last two years, TikTok has been in the public eye for all sorts of reasons. First, it was the exploded and unparalleled...

Facebook Subscription Model: Looking Beyond Ad Dollars?

Seldom do job listings create a stir this gripping. However, when the job listing in question is a stealth post from Twitter, with a...

Will The Online Food Delivery Market in India End Up Becoming A Two-Horse Race?

It's pretty much evident that the food delivery space in India is all set to get riled up soon enough as one of the...

More Articles Like This