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BlackBerry to go private in $4.7bn deal

Lara O'Reilly

Struggling phone maker BlackBerry has agreed in principle to be bought by a consortium led by its largest shareholder Fairfax Financial for $4.7bn (£3bn), a deal both parties hope will secure its standing in the enterprise market and turnaround a prolonged period of losses.

BlackBerry Z30

BlackBerry insists it still has a consumer future

Lara O'Reilly

Confusion still reigns over BlackBerry’s future business strategy, after the company insisted at an event to showcase its new Z30 smartphone it remained focused on the consumer market, despite its prospective owner Fairfax saying earlier this week its future was rooted in providing “secure enterprise solutions”.

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