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TechnoparkToday.com>> Once worth more than $100 billion, BlackBerry is being acquired for just $4.7 billion.Fairfax Financial Holdings has agreed to acquire BlackBerry in a deal worth $4.7 billion.
The news about this acquisition comes just days after BlackBerry announced it was cutting 4,500 jobs.Fairfax Financial Holdings is a Toronto based financial company paying approx. $9 per blackberry share. The company already holds around 10% of the total shares of Blackberry
Watching BlackBerry stumble and fall during the last few years has not been pleasant. The company once stood at the top of the smartphone market. Its smartphones were carried by mobile professionals in the tens of millions. These devices were the envy of the office, and the company helped push mobility in new and exciting directions.
Good days will come for blackberry also.after the nokia taken by microsoft, the industry is seeing tremendous growth for nokia phones in the smart phone business era. the biggest advantage is – when the same company is making the hardware and software – they can get the better control and optimized performance and user experience in the device. that’s the success of apple products.
Once the blackberry company valued more than $100 billions. But just see what happened for them? they ignored the time and its trends, when everyone moved in to android, and bigger screens – Blackberry just ignored that. This is same thing happend for Nokia too. But see what the smart guys like Samsung and LG did? they captured the opportunity and became the leaders in the industry. this is a big lesson for everyone.