Thread regarding Research In Motion Limited layoffs

Troubled smartphone maker BlackBerry has agreed to be bought out by a consortium to be led by hedge fund Fairfax Financial Holdings Limited

Troubled smartphone maker BlackBerry has agreed to be bought out by a consortium to be led by hedge fund Fairfax Financial Holdings Limited. But this pending acquisition is unlikely to reverse BlackBerry’s plans to cut 40 percent of its workforce. Fairfax, BlackBerry’s largest shareholder with a 10 percent stake in the company, will buy the company and take it private for $9 a share – making the deal worth approximately $4.7 billion.

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