Instant View: Fairfax-led consortium offers $4.7 billion for Blackberry

(Reuters) - A consortium led by Fairfax Financial has offered to buy Blackberry Ltd for $4.7 billion, tossing the struggling Canadian smartphone maker a lifeline as it continues to bleed market share. Commentary: MICHAEL SPRUNG, PRESIDENT, SPRUNG INVESTMENT MANAGEMENT "It's certainly surprising that the offer has come so quickly after the preannouncement of the poor earnings. I think it remains to be seen how this is likely to play out. It has certainly given the company time to shop up for a higher bid here. One thing it will probably have accomplished is a higher floor price on the stock. ...



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