The BlackBerry, which is facing a turbulent time after the postponement of its BBM global roll out, has confirmed the sale to Fairfax for $4.7 billion. The Toronto-based Fairfax Financial Holdings was trying to acquire BlackBerry aggressively. The deal was finally clinched, bringing great relief to both sides.
Only last week, BlackBerry had decided to lay off 40% of their employees globally. The company had been struggling for a long time after failing to cope up with the competition in the smartphone market. The much-awaited BBM would be rolled out soon to be available free of cost on Google Play Store and Apple Store.