BlackBerry sells to investor for $4.7B

VenkatramanNBoston Herald
N. Venkat Venkatraman, School of Management

Canadian smartphone maker BlackBerry has agreed to sell itself for 
$4.7 billion after failing to turn around a business that floundered despite new phones and a new operating system — in a move by a BlackBerry investor to stabilize the company, experts said…

Expert quote:

“They are taking this private, maybe give themselves a year or two or give themselves very strong hooks to the cloud and sell to enterprise.”

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