BlackBerry Might Survive As a Private Company After months—years, really—of speculation about buyers and shutdowns and sales, BlackBerry appears to have found salvation in the form of a $4.7 billion takeover. Whether the company lives on from there or is sold for scraps remains anyone's guess.

Under the proposed deal, which will close after due diligence and regulatory approvals, a group of buyers led by Fairfax Financial Holdings Limited will become BlackBerry's new dad.