Brian Colello | Al Bawaba

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Al Bawaba

September 25th, 2014 - 03:55 GMT

One last shot? Blackberry to introduce unconventional smartphone 'passport'

BlackBerry is set to launch the Passport early on Wednesday in Toronto, with simultaneous events also being held in London and Dubai.

The $4.7 billion offer from Fairfax, which already owns about 10 per cent of BlackBerry, is a powerful symbol of phone maker’s decline. In June 2008 — a time when BlackBerrys defined smartphones — the company had a stock market value of $83 billion.

September 24th, 2013 - 01:24 GMT

Will the buy-out rescue Blackberry?

The preliminary deal, subject to a six-week period of due diligence, which is expected to be completed by November 4, values the sinking smartphone manufacturer's at 9 dollar-a-share.Watsa further said that they can deliver immediate value to shareholders.

September 24th, 2013 - 09:05 GMT

BlackBerry sells itself for $4.7 billion