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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