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The agreement is reportedly similar to one signed by Cerebus Capital Management on Wednesday that the Bloomberg news service reported.  

Fairfax Financial Holdings has the most advanced... offer to take BlackBerry private for $4.7 billion. Fairfax already owns 10% of BlackBerry, while the founders own 8%.

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In its open letter to "valued customers, partners and fans" the mobile device maker said "You can continue to count on BlackBerry."

The company emphasized that it is debt... free with substantial cash on hand and is restructuring with a goal of cutting expenses by 50%.

"Governments all over the world, global corporations and businesses that simply cannot comp...

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Today, the once-mighty smartphone maker announced it has signed a letter of intent to be acquired by a consortium led by Fairfax Financial Holdings in a deal worth approximately $4.7 billion. Fairfax... currently owns about 10% of BlackBerry already, would contribute those shares as part of its proosed deal. 

BlackBerry will review the deal over the next six weeks while a special commitee...

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The Financial Post reports that the redundancies are for personnel based out of the firm’s headquarters in Waterloo, Ontario, but doesn’t know if this move will effect some divisions worse... than others.

In a statement, the PlayBook tablet maker said that it was in the ‘second phase of our transformation plan’.

This news less than a month after BlackBerry cut anoth...

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Situated on a remote 4,200 acres, Blackberry Farm is consistently found in the top of Travel + Leisure World's Best Awards. The resort boasts two gourmet restaurants and full spa services. On-site... activities — include fly-fishing, horseback riding, clay course shooting, kayaking, hiking and biking.

Hoping to increase guest satisfaction and decrease the number of technology complaints...

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The Z30 smartphone is rumored to have a 5-inch Super AMOLED display with (1,280 x 720 resolution) which is big enough to be considered one of the new generation of over-sized smartphone/kind-of-a-tablet... devices that are often referred to as a phablet.

The Z30 will run the latest version of the BlackBerry OS (vers. 10.2), powered by a dual-core Qualcomm Snapdragon S4 processor, 2 GB of RAM, 16 GB o...

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The company's stock dropped 4% in after hours trading. 

The three now ex-BlackBerry execs are VP of corporate information technology operations Doug Kozak, Sr. VP of global manufacturing... and supply chain Carmine Arabia, VP of service operations Graeme Whittington. 

A spokesperson for BlackBerry told VentureBeat in an email: 

"As previously stated, we are...

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David J. Smith, executive VP in charge of mobile computing, has resigned for personal reasons, a BlackBerry spokesman said. The move happened within the past few weeks, said a person familiar with the... matter. The spokesman added that Mr. Smith “continues to come into work every day and is committed to working with BlackBerry through a proper transition.” 

The highly-touted Pla...

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Heins told Bloomberg last month that he saw no future for the tablet, comments which seemed to rule out the prospect of a new PlayBook coming to market.  

But one month on and Heins now... appears less convinced on the matter, as he offered up two contrasting views at the BlackBerry Live conference yesterday.

During a Q&A session with the media, Heins first appeared to promo...

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Heins has in the past spoke candidly about how profitability would be key if BlackBerry chose to re-enter the tablet market with a second PlayBook, but surprisingly appeared to dismiss the market at... the Milken Institute conference in Los Angeles today.

“In five years, I don’t think there’ll be a reason to have a tablet anymore,” Heins told Bloomberg. “Maybe a...