According to a report from Mashable, BlackBerry was purchased by a financial holdings firm for $4.7 billion. The deal was announced on Monday by both the struggling mobile company and the Toronto-based Fairfax Financial Holdings.
BlackBerry was worth over $100 billion dollars back in 2007. BlackBerry reportedly lost about $1 billion in the second quarter of 2013 and as cutting 4,500 jobs — about 35% of its workforce. The holdings group acquired BlackBerry for only $9 per share.