Irving-Based Blackberry Agrees To Sell

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

From Our CBS Music Web Sites

185992939 10 Irving Based Blackberry Agrees To Sell Hot Halloween Costumes

186544357 Irving Based Blackberry Agrees To Sell Last Minute Halloween Costumes

 alt=Musicians Then And Now

452359772 10 Irving Based Blackberry Agrees To Sell Missing Summer?

 alt=Photos From Our Halloween Party

cowb thumb Irving Based Blackberry Agrees To Sell Cowboys Cheerleaders

(credit ADEK BERRY/AFP/Getty Images)

(credit ADEK BERRY/AFP/Getty Images)

IRVING (CBSDFW.COM) - Irving-based smart phone company Blackberry has agreed to sell.

A group led by the struggling company’s largest investor is taking it private for $4.7 billion. Trading of Blackberry’s stocks halted ahead of Monday’s announcement.

Stocks dropped dramatically on Friday, when the company announced massive layoffs and a major loss in profits.

The Blackberry phone debuted in ’99 and was the dominant smart phone before the iPhone hit the market in 2007.

(©2013 CBS Local Media, a division of CBS Radio Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

Latest News:

Top Trending: