Fairfax Sets Floor for BlackBerry with $4.7 Billion Offer

Struggling smartphone maker BlackBerry on Monday signed a tentative deal to be acquired by a consortium led by its biggest shareholder, setting a $4.7 billion floor in the auction of the Canadian company that invented on-the-go email.
The consortium is led by Fairfax Financial Holdings Ltd, a property and casualty insurer run by Canadian investor Prem Watsa. It has offered $9 a share in cash for
BlackBerry, which last week said it expected to report a quarterly loss of nearly $1 …

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