BlackBerry bid 'won't be abandoned'

The head of Fairfax Financial Holdings says he has every intention of completing the acquisition of BlackBerry, despite doubts that the 4.7 billion-dollar (£2.9bn) deal for the troubled smartphone maker will go through.

BlackBerry announced earlier this week that Fairfax signed a letter of intent that "contemplates" buying BlackBerry for nine dollars (£5.60) a share. Fairfax, BlackBerry's largest shareholder, is trying to attract other investors.
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