Breaking Down BlackBerry's Big Buyout News

Struggling Canadian smartphone maker BlackBerry's long slide into irrelevance -- at least as far as public market investors are concerned -- may have met an end finally. On Monday, news broke that superinvestor Prem Watsa, head of Fairfax Financial, had signed a letter of intent to buy the remaining shares his financial powerhouse had yet to own for $9 per share.

This is welcome news as it seems potential buyers for BlackBerry weren't exactly coming out of the woodwork. According to reports, Fairfax was the only bidder to proceed past simple due diligence.

But the deal is still far from a sure thing: Fairfax will have to clear several hurdles in order to conclude this sad chapter, which Fool contributor Andrew Tonner discusses in the video below.


Beyond BlackBerry
BlackBerry's shrinking market share is just another example of how today's biggest tech titans are constantly invading one another's turf to grab their piece of the trillion-dollar revolution in mobile. To find out which of these giants is set to rule the next decade, we've created a free report called "Who Will Win the War Between the 5 Biggest Tech Stocks?" Inside, you'll find out which companies are set to dominate, and we'll give in-the-know investors an edge. To grab a copy of this report, simply click here -- it's free!

The article Breaking Down BlackBerry's Big Buyout News originally appeared on Fool.com.

Fool contributor Andrew Tonner has no position in any stocks mentioned. Follow Andrew and all his writing on Twitter at @AndrewTonnerThe Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.