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BlackBerry Goes Private

BlackBerry has agreed to go private in a $4.7 billion deal led by its biggest shareholder, Fairfax Financial Holdings Ltd. The deal will allow the smartphone marker to regroup. The company has until Nov. 4 to seek better offers, which the Fairfax group has the right to match. To complete the deal, the group is seeking financing from Bank of America Merrill Lynch and BMO Capital Markets, reports Reuters. The company finally enabled consumers to download apps and install search engines from Google, Bing and others. The latest handsets also allow users to separate work apps from play.

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