BlackBerry admits defeat as consortium bids US$4.7b to take it private

Smartphone maker BlackBerry has agreed to go private in a US$4.7 billion deal led by its biggest shareholder, allowing the on-the-go email pioneer to regroup away from public scrutiny after years of falling fortunes and slumping market share.

via Business feed http://www.scmp.com/business/companies/article/1316570/blackberry-admits-defeat-consortium-bids-us47b-take-it-private