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Blackberry Sold for 4.7 Billion

Discussion in 'BBS Hangout' started by AMS, Sep 23, 2013.

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  1. AMS

    AMS Member

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    #1 AMS, Sep 23, 2013
  2. ubigred

    ubigred Member

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    WOW.

    Didn't think they would fetch that much.
     
    #2 ubigred, Sep 23, 2013
  3. Another Brother

    Another Brother Member

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    The blacker the berry, the lower the stock. :(
     
    #3 Another Brother, Sep 23, 2013
  4. Air Langhi

    Air Langhi Contributing Member

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    They have 2.8 billion in cash so the purchase price is closer to 2 billion.
     
    #4 Air Langhi, Sep 23, 2013
  5. pacman0590

    pacman0590 Member

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    lol sold their company for less than Apple made this last week..
     
    #5 pacman0590, Sep 23, 2013
  6. pirc1

    pirc1 Member

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    What are the investors going to do with the company after they bought it?
     
    #6 pirc1, Sep 23, 2013
  7. HR Dept

    HR Dept Member

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    Some stakeholder somewhere is on suicide watch...

    <blockquote class="twitter-tweet"><p>At its peak BlackBerry was worth $70 billion RT <a href="https://twitter.com/AP">@AP</a>: BlackBerry agrees to sell to group for $4.7 billion: <a href="http://t.co/Or6oaxzFyt">http://t.co/Or6oaxzFyt</a> -KK&quot;</p>&mdash; J.A. Adande (@jadande) <a href="https://twitter.com/jadande/statuses/382211011559702528">September 23, 2013</a></blockquote>
    <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>
     
    #7 HR Dept, Sep 23, 2013
  8. AMS

    AMS Member

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    Crazy. I had always thought if Nokia could resurrect itself, so could BBM/RIM.


    I've had over 10 different Blackberry devices, they were great once upon a time.
     
    #8 AMS, Sep 23, 2013
  9. bigtexxx

    bigtexxx Member

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    they got clobbered by innovation

    So what does this leave Canada with? Bieber and anything else?
     
    #9 bigtexxx, Sep 23, 2013
  10. AroundTheWorld

    AroundTheWorld Member

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    Did you read that the CEO and the other board members bought themselves a new private jet while they were firing thousands of people?
     
    #10 AroundTheWorld, Sep 23, 2013
  11. A_3PO

    A_3PO Member

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    To the junkyard. They will dismember RIM and sell the pieces.
     
    #11 A_3PO, Sep 23, 2013
  12. ubigred

    ubigred Member

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    Blockbuster
    BB

    Lack of innovation, kills all.
     
    #12 ubigred, Sep 23, 2013
  13. robbie380

    robbie380 ლ(▀̿Ĺ̯▀̿ ̿ლ)
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    Something about the deal is odd. I'm sure the top guys are getting a ton of kickbacks for doing it. I mean they guided down on Friday and took like a billion dollar charge on their inventory. Then they announce a deal to a 10% share holder the next trading day. On top of that, the buyer is a relatively conservative insurance company. This deal represents half their market cap. Certainly one of the stranger deals I have ever seen.
     
    #13 robbie380, Sep 23, 2013
    Last edited: Sep 23, 2013
  14. what

    what Member

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    man I saw this one chick today that was smoking hot, and she had the darkest loveliest skin I've seen in a while. Damn that girl was HAWT!
     
    #14 what, Sep 23, 2013
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