BlackBerry was going to become a private company after a deal worth $ 4.7 billion

BlackBerry did not go a long way in recent times , and the company has lost market share very quickly for the benefit of competition. The past few quarters have been very difficult for the Canadian company , which was dominant in the past on a significant share of the smartphone market in the world. Because of this rapid decline of the popularity of the company which cause in turn reduced demand for the company's products , it has forced the Board of Directors of the latter company's position in the list of companies offered for sale. Since then, began the company's board Order to the sale quickly before the end of this year , it seems that the company has entered into an agreement with a consortium led by Fairfax Financial Holdings. The value of this deal for about $ 4.8 billion, and it bought all the shares of the company valued at $ 9 per share. BlackBerry will provide the alliance period of time of up to six weeks to conduct due diligence for the sectors the company, and if all goes well , it is expected to be the signing of the agreement permanently on 4 November. in the meantime, will continue to BlackBerry Find alternative offers , but according to an agreement of intent , the group of Fairfax will have to have the right to examine the submissions of the company , if any. should be noted that a Fairfax currently owns a 10% stake in company, and has many partners who preferred to remain anonymous until the completion of the deal . Said Chief Executive Officer of Fairfax, Mr. Prem Watsa , that there is no specialized companies in the hardware industry in this coalition , which decided to contribute to the purchase of the company .