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BlackBerry Gets Deal; U.S. Stocks Fall

  • Aired: 1/23/2013
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Synopsis >

Just when things looked like they were hitting bottom- BlackBerry has a deal. Fairfax Financial- its biggest shareholder- will pay $4.7 billion dollars for the smartphone maker, taking it private. That works out to $9 a share for the Canadian company. Just last week BlackBerry warned it will report a quarterly loss of nearly a billion dollars. Sales will also be much worse than forecasts. BlackBerry is also laying off 4,500 workers- more than a third of its workforce.

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