(http://readwrite.com/files/Blackberry.jpg)
For the second time in two trading days, trading on BlackBerry Ltd. (http://us.blackberry.com/) has been halted again, this time after the canadian hardware vendor announced that it will be going private in a sale to a consortium helmed by Fairfax Financial Holdings Ltd (http://www.fairfax.ca).
See also: Disaster Strikes BlackBerry—Huge Job Cuts, $1 Billion Net Loss (http://readwrite.com/2013/09/20/disaster-strikes-blackberry-announces-huge-job-cuts-1-net-loss)
The deal, which will bring $9 per share to stockholders, will total around $4.7 billion, according to MarketWatch (http://www.marketwatch.com/story/blackberry-lands-privatization-bid-at-9-share-2013-09-23). Fairfax currently owns around 10% of BlackBerry's shares now.
The buyout will have to undergo due diligence, BlackBerry has said.
Image courtesy of Reuters/Mark Blinch.Source: Ailing BlackBerry Gets A Buyout Offer (http://readwrite.com/2013/09/23/ailing-blackberry-gets-buyout-offer)