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Irving-Based Blackberry Agrees To Sell

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(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.

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