BlackBerry agrees to sell for $4.7 billion

BlackBerry agrees to sell for $4.7 billion

September 23, 2013 Updated Sep 23, 2013 at 4:25 PM CDT

BlackBerry has agreed to sell itself for $4.7 billion to a group led by largest shareholder, Fairfax Financial Holdings Ltd.

BlackBerry said that a letter of intent has been signed and its shareholders will receive $9 in cash for each share.

Watch the video below to find out more.