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breakingnewsBlackBerry agrees to $4.7 billion buyout

Reuters Smartphone maker BlackBerry said it has agreed to be acquired by a group lead by Fairfax Financial Holdings Ltd for $4.7 billion.

According to a letter of intent, BlackBerry shareholders would receive $9 in cash for each share they hold.

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Photo: A sign is seen at the Blackberry campus in Ontario, Canada,   Sept. 23, 2013. (Mark Blinch / Reuters)

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