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Fairfax Financial fails to secure funding to buy BlackBerry

Fairfax Financial fails to secure funding to acquire BlackBerry, could see the company split up and sold off as a result (NASDAQ:BBRY, OTCMKTS:FRFHF)

| Business, Financial & Legal News | Posted: Oct 10, 2013 9:24 pm

BlackBerry's board of directors have once again resumed talks of breaking the company up into pieces and selling things off to the highest bidder. The breakup talks have resumed after Fairfax Financial announced that it has failed to secure capital to fund the $4.7 billion needed to purchase the company.

 

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A breakup sale might actually turn out to be more beneficial for BlackBerry as the company's patents are estimated to be worth over $3 billion alone, the rest of the company could be sold for another $2 or $3 billion as companies like Apple, Microsoft, and Samsung could buy bits and pieces to strengthen their grip on the smartphone market.

NEWS SOURCES:Electronista.com

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