Blackberry To Be Sold For $4.7 Billion? Who's The Company Willing To Take The Risk?

After months of 'hunting' for potential buyers, Blackberry has finally found the one. 

According to an announcement by the Canadian company, it has agreed to be sold for $4.7 billion, more than two-thirds the price of Nokia's mobile department when Microsoft acquired it a month ago. 

And the company willing to shell out that money? Fairfax Financial Holdings. 

Several weeks ago, it was rumored that Fairfax Financial Holdings CEO Prem Watsa is eyeing the electronics company, and while some analysts say the deal is highly unlikely, Watsa remained silent. 

But today, Fairfax Financial Holdings also made the announcement of its plans to acquire Blackberry. 

According to the report by Mashable, the financial holdings company agreed to buy $9 per share of the mobile company.

While the deal has not been finalized yet, the fact that both parties have already reached an agreement is already a major step towards that scenario. 

Just last week, Blackberry reportedly laid off over 4,500 employees, or about 35 percent of its entire workforce, after losing as much as $1 billion during the year's second quarter. 

Six years ago during the Canadian-based company's peak in the industry, it was valued at $100 billion.