UPS AND DOWNS On Monday September 23, 2013, Fairfax Financial - TopicsExpress

UPS AND DOWNS On Monday September 23, 2013, Fairfax Financial Holdings agreed to acquire BlackBerry for $4.7 billion. The Toronto-based financial holdings conglomerate already owns approximately 10% of BlackBerry common shares. Two days earlier, BlackBerry had announced that it was cutting 4,500 jobs, about 35% of its workforce. At its peak in mid-2007, the Canadian smart phone company was worth more than $100 billion.

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