DAILY DOT COM - Struggling smartphone maker BlackBerry has plans to become a private company.
The company announced an agreement with its largest shareholder, Fairfax Financial, to sell itself for $4.7 billion.
Forbes Magazine reports the two companies signed a letter of intent, but that Blackberry can still shop around.
The deal comes after Blackberry said it would lay off 40% of its employees by the end of the year.
Hard to believe that BlackBerry was once considered king of all smartphones. It pioneered in 1999, as the dominant smartphone for on-the-go business people.
In fact, it could be so addictive that it was nicknamed "the CrackBerry." President Obama couldn't bear to part with his BlackBerry. Oprah Winfrey declared it one of her "favorite things."
The playing field soon changed in 2007 with the introduction of Apple's iPhone. Showing no signs of being a fad, Apple reported in Monday, September 23 that it has sold 9 million units of its new iPhones.
Some people in the tech industry still have faith in BlackBerry, adding that BlackBerry still has a fighting chance.
Do you still use BlackBerry?
A.C. Hillman, 93, of Lucedale will be the Grand Marshall of the city’s Christmas parade Saturday, December 7, which coincides with the anniversary of the attacks on Pearl Harbor.
More than 200 people have gathered at a decommissioned U.S. Navy destroyer stationed in Boston to commemorate the anniversary of the 1941 Japanese attack on Pearl Harbor that launched the U.S. into World War II.
We went up, we went down, and we're going back up... and then back down...
The 2013 SEC Championship Game will kickoff today from the Georgia Dome in Atlanta. The game will feature 5th ranked Missouri (visiting team, 11-1) and 3rd ranked Auburn (home team, 11-1).
Mobile police are investigating a fatal car crash that claimed the life of a 25 year-old man.
A new study says Alabama has more than 4,700 businesses labeled creative industries and they account for 71,000 jobs and more than $2 billion in annual payroll.