4.7 Billion dollars blackberry sign a contract

Earlier this year, BlackBerry officially released its new operating system, "BlackBerry 10" and two new models, but has not been in the Chinese market. IC map "> Early this year, BlackBerry officially released the new operating system" BlackBerry 10 "and two new models, but has not been in the Chinese market debut. IC for map yesterday morning, the Canadian smartphone maker BlackBerry signed a "Slave Life" in the "laughter" of a rival audience. The BlackBerry announced that it had agreed to sign a "temporary takeover agreement" with major shareholders, the Canadian insurer Fairfaxfinancial (hereinafter referred to as "Fairfax"), which would buy the entire BlackBerry stake in about 4.7 billion dollars. Fairfax chief executive Votsa hinted that the privatized BlackBerry would abandon the personal end market and move to business-to-business. Interestingly, before the BlackBerry announced the privatisation intention, Apple announced the first week two new iphone sales exceeded 9 million; Samsung officially released new Galaxynote3 in China; other brands, including LG, OPPO and Cool, have also released their flagship new products. BlackBerry will be privatized according to the BlackBerry's financial warning released last week, its financial report in the second quarter of 2013 will be a huge loss, which could be as high as $995 million trillion. At the same time, BlackBerry said it would have to cut 4,500 employees, accounting for about 40% of its global workforce. On the day of the announcement, the BlackBerry's shares in Nasdaq were suspended for half trading days, with a 20% plunge in the afternoon. And just before the original earnings announcement, the BlackBerry suddenly announced a "temporary takeover deal" with the Fairfax-led consortium, which will take over 9 dollars a share of the BlackBerry and privatize the BlackBerry. In the next 6 weeks, a team led by Fairfax will look into the BlackBerry's financial position, the bulletin said. BlackBerry chief executive Stotten Heins and the company's board of Directors Special Committee will look for alternatives. However, if the "Interim acquisition Agreement", the BlackBerry has opted for other buyers, the company will be led to the Fairfax consortium to pay a share of 0.30 U.S. dollars, a total of 157 million U.S. dollars. If a final agreement is signed with Fairfax, the "break-up fee" will be raised to 261 million dollars. That is to say, unless there is a higher bidder, the future of the BlackBerry will basically fall into the hands of Fairfax. There is little to say about it. It is noteworthy that in this "interim acquisition Agreement", BlackBerry "passive" is not only the above part. For example, the follow-up "Due diligence" link. It is understood that the so-called due diligence, refers to the Fairfax will carefully check the BlackBerry's accounts, confirmed that no problems will be bought. In addition, Fairfax does not have enough cash to buy the BlackBerry, and it needs someone to fund the acquisition, with a shortfall of about $1.6 billion trillion. It is reported that the Fairfax has issued a statement said that the company led by the consortiumare seeking financial support from the Bank of America's Merrill Lynch and Montreal Bank Capital markets two financial institutions. In other words, under the "Interim acquisition Agreement", the BlackBerry has a lot of obligations, but not many rights. This is normal, Rationalab analyst Zhang Xing Zhaoyuan, an advisory body, and the BlackBerry's current financial position gives it a poor voice. According to S&pcapitaliq, the BlackBerry's 2014 interest, tax, depreciation and amortization earnings will be reduced from $1.1 billion trillion in 2013 to $200 million. Wall Street analysts also say lenders may hesitate to provide financing, given the collapse of the BlackBerry business and bleak earnings prospects. And BlackBerry Chinese people to south all reporters, said all the news to the headquarters of the main announcement. A shrinking retreat, business-to-business or main business "although the current ' interim acquisition agreement ' seems to have a lot of rules, Fairfax's chances of acquiring a BlackBerry are still great. Zhang Xing Zhaoyuan said that Fairfax was the main shareholder of the BlackBerry, Votsa once disclosed a document showing its earlier purchase of 10% BlackBerry shares, the average price of about 17 U.S. dollars per share, according to the current acquisition price of 9 U.S. dollars per share, the loss of nearly 50%. "If you put the whole BlackBerry in your arms and you don't have to spend all your money, Votsa's book loss looks like a big drop," he said. Zhang Xing Zhaoyuan said, because of this, the future of the BlackBerry may be a loss and shareholder interests as the only direction, the style will change. In fact, Votsa's statement on the "interim takeover Agreement" has heralded a change in the BlackBerry's style and its "master" status. "The deal will usher in an exciting new chapter in the privatisation of BlackBerry, BlackBerry customers, operators and employees," he said. We are able to bring immediate value to the BlackBerry shareholders and allow the privatized BlackBerry to continue its long-term strategy, focusing on delivering a superior and secure corporate solution to BlackBerry's customers around the world. "This paragraph only mentions the business-to-business part, the enterprise solution, not the well-known mobile hardware business." Even if the so-called "enterprise solutions" will be shipped with some hardware terminals, but this also indicates that the BlackBerry may gradually withdraw from the mass smartphone market. Yang Qun, chief analyst at consulting firm and National Policy, also believes that focusing on the corporate market means that BlackBerry will not have to go after Samsung, Apple or HTC without trying to develop a smartphone that works for the mass market. BlackBerry only needs to make certain small parts of the enterprise user satisfaction, tailored to their services. In this case, the BlackBerry unrivaled security technology can be "in a safe" way to sell money, and do not have to face the entire market to spend all kinds of marketing costs. Yang Qun predicts that BlackBerry will become a communications security enterprise, while the small size of the enterprise customization of hardware equipment. "Small and fine" is also easier for investors such as Merrill Lynch to pay for the BlackBerry, which is mired in financial morass. It's just that the BlackBerry will slow down with fans and leave the mass mobile market. [Reporter observes] the blackberry does not enter the Chinese market, the defeat has been fixed Beijing time September 23, on the other side of the ocean BlackBerry announced the signThe "Interim acquisition Agreement" before, Samsung Greater China President Park Chun and star Zhao Wei holding GalaxyNote3, side-stand under the spotlight light. In the evening, the flagship mobile phone and Samsung Smart watch Galaxygear in China, and will be in the national day before the consumer boom to market. China has long been an important starting point for Samsung handsets, where the smartphone market has grown rapidly, contributing significantly to the performance of Samsung's mobile phone business. Samsung, in turn, has been more focused on China. Almost at the same time, Zhao Wei's classmate Chen Kun and the domestic mobile phone brand Oppo CEO Chen Mingyong "Together", as Oppo released the world's first rotating camera smartphone N1 spokesperson, Chen Kun the emergence of Oppo fans are excited. And Oppo as the main sales business in China's local brands, in recent years the development is very rapid. On the same day, Apple also announced the first week of IPhone5S and 5c sales figures ——— more than 9 million, a record high. The industry generally believes that this is because Apple for the first time listed China as the iphone first sales area, the Chinese market in the mobile phone industry's position is once again affirmed. It is in such a "blossom" of the big market, whether Samsung, Apple or Oppo, it seems that everyone has the space for high-speed development. But the BlackBerry, not to mention the rapid development, in China almost even have no chance of a foothold. Earlier this year, BlackBerry officially released its new operating system, "BlackBerry 10" and two new models. But until the old smartphone maker announced that it would "commit" to Fairfax, the two models had not yet appeared in the Chinese market. This has made the author quite puzzled, because since last year, BlackBerry has been a high-profile recruitment of talented personnel in China, Sony, Samsung, Apple's many professional managers flocking to the BlackBerry, looks like a big fight. Until the middle of this year, a staff member from BlackBerry China told the writer that there was a serious disconnect and confusion in corporate governance. For example, on the one hand, it is hiring, but what do people do? Many times there is no conclusive conclusion. Especially since the beginning of this year, even BlackBerry China's employees are ready to do a good job after the new models into China, but management has been slow to resolve. Behind this, he argues, is the management's own lack of confidence in the development of the handset business. Do not enter the Chinese market, is tantamount to not make the slightest attempt in the case, will be good market hand in hand with opponents. At that time, the so-called through the mobile phone business to revive, is already an empty word.