BlackBerry Enters into Letter of Intent with Consortium led by Fairfax Financial; Shareholders Would Receive $9 per Share in Cash; Transaction Worth $4.7B

BlackBerry Limited (NASDAQ: BBRY )(TSX:BB) today announced it has signed a letter of intent agreement ("LOI") under which a consortium to be led by Fairfax Financial Holdings Limited ("Fairfax") has offered to acquire the company subject to due diligence. The letter of intent contemplates a transaction in which BlackBerry shareholders would receive U.S. $9