BlackBerry receives buyout offer from Fairfax Capital for $4.7 billion dollars

Blackberry has just announced (via Business Insider) that an investment firm has put in an offer for the company. At $9 a share, the deal is worth about 4.7 billion dollars in total. Fairfax already owns about 10 percent of Blackberry before the deal.

Having an investment company buy Blackberry does not have a direct impact on the smartphone market. Often though, investment firms buy out companies with the aim of selling off assets separately. For instance, BlackBerry’s patent portfolio may soon be put up for auction as a result of the deal, allowing for smartphone makers like Apple and Google to then bid for the intellectual property without the other baggage associated with buying out the failing company in its entirety.