Blackberry bought for £3 billion

 

It was announced on Monday that the mobile phone manufacturer, Blackberry, will be purchased by Fairfax Financial Holdings for $4.7 billion (~£3 billion). Fairfax Financial will be paying $9 (£5.60) per share.

The acquisition comes following news that Blackberry is expected to make a $1 billion (£620,000) loss in Q2 of this year. Blackberry have also announced that over 4,000 staff, around 40% of their workforce, will be laid off. What's more they also had to sell their private jets.

Shares in Blackberry were frozen yesterday at $8.23 (£5.13) after the news of their operating loss.

This leaves the billion dollar question - what's next for Blackberry?

9 Million iPhones sold in 3 days

A record 9 million new iPhone 5s and 5c's were sold in the 3 days from launch on 20th September. Apple also announced that 200 million devices now run iOS 7 - another record number.

GTA V sells more than $800 million on day one

After arguably the most hyped launch of 2013 the latest iteration of the Grand Theft Auto gaming series, GTA V, broke records for the game's developers Take-Two Interactive Software. The open-world video game available on Sony's Playstation 3 and Microsoft's Xbox 360 took an estimated $800+ million (~£500 million) in just the first 24 hours. This even excludes upcoming releases in countries such as Japan and Brazil.

The game received rave reviews from critics and gamers worlwide and is expected to easily make more than $1 billion (~£600 million) in total sales.

The company revealed these figures in a post on their website.

GTA V Goes on Sale

The latest in the long running franchise of video games, Grand Theft Auto 5, has gone on sale across the world. The recording breaking, open-world game is expected to make $1 billion in sales for the UK based developers Rockstar North.

Amazon to offer discounted digital books

Amazon are to offer digital versions of certain hard copy books purchased from the company. The digital version will be offered at a discounted rate.