The two are planning to purchase the 92% of BlackBerry shares that they don’t already own. They have hired Goldman Sachs (GS) and Centerview Partners to help them with the purchase. BlackBerry has considered a possible sale as well as a break-up. The company has recently laid off 4,500 employees and posted almost $1 billion in losses last quarter. Also interested in purchasing BlackBerry is Fairfax Financial Holdings (FRFHF), which owns about 10% of the company and is its largest shareholder. The company has considered buying BlackBerry for $4.7 billion, or $9 a share. Both the founders and Fairfax don’t intend to breaking up the company and are instead interested in stabilizing it, reports the Associated Press.
BlackBerry Founders Consider Buying Company
BlackBerry founders aren't the only ones eyeing BlackBerry
Article printed from InvestorPlace Media, http://investorplace.com/2013/10/blackberry-founders-consider-buying-company/.
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