BlackBerry Going Private in $4.7 Billion Deal

BlackBerry has found a buyer for its much-diminished business. The foundering smartphone pioneer agreed to be acquired by a consortium led by Fairfax Financial Holdings, which will take it private in a deal worth about $4.7 billion. Under the terms of the deal, the consortium — whose other members were not disclosed — will pay $9 per share for all outstanding shares of BlackBerry not held by Fairfax, which currently owns a 10 percent stake in the company.