IN A DEAL OF $4.7 BILLION BLACKBERRY GOT SOLD OUT

Fairfax Financial Holding has agreed to acquire BlackBerry in a deal worth $4.7 billion, both company announced Monday.
The Toronto-based financial holding conglomerate is paying $9 per share for the beleaguered mobile company - a premium of about 9%.  Shares of BlackBerry were trading at $8.23 per share before a freeze was initiated.  Ahead of the acquisition, Firefox owned approximately 10% of BlackBerry common share.
News of the take over came after two days BlackBerry announced it was cutting 4,500 jobs -about 35% of its workforce.- and taking the loss to nearly $1 billion in the second quarters.
How are the great fallen. At its peak at the mid-2007, Blackberry was worth more than $100 billion. The company only fetched 2/3 the price of Nokia, which Microsoft acquire a year ago for $7.2 million.