What does this mean?
Well, it means that BlackBerry is here to stay, we hope. Shareholders will in turn be paid out at roughly $9 per share and the company who wins the bid will take over, possibly FairFax who currently owns 10% of the stock. By Nov 04, 2013, if diligence is complete we shall know who and when this takeover will be complete. Check below to read what FairFax CEO, Prem Watsa had to say.
Prem Watsa, Chairman and CEO of Fairfax, said: “We believe this transaction will open an exciting new private chapter for BlackBerry, its customers, carriers and employees. We can deliver immediate value to shareholders, while we continue the execution of a long-term strategy in a private company with a focus on delivering superior and secure enterprise solutions to BlackBerry customers around the world.”
I can’t speak for shareholders and investors but as a consumer, I couldn’t be happier. The company should be able to game plan and come up with a long term strategy without distractions from the Media, Investors and Shareholders all together. Right now, BlackBerry needs to focus on its Niche which is Keyboards, Security and Software so that it can remain a top player in the mobile arena.
BlackBerry should really revamp its marketing team, App Relations and form strong management to deploy BB10 like the sky is falling. Its products and services line up with the competition, it’s a matter of delivering the message that BlackBerry is back and get BB10 devices into the hands of the masses for a great price.