BLACKBERRY UP FOR GRABS

Smartphone maker Blackberry has agreed in principle to be bought by a consortium led by Fairfax Financial for 4.7 billion dollars.On September 23, 2013, Fairfax Financial Holdings made an offer to purchase cell phone maker BlackBerry for $4.7 billion or $9.00 a share.BlackBerry announced it had signed a letter of intent but would be open to other offers until November 4, 2013. Fairfax already holds 10% of BlackBerry. Blackberry announced 4,500 jobs cuts in a bid to stem losses, and also said it expected to make a loss of up to 1billion dollars after poor sales of its new handsets