BlackBerry Agrees to Go Private in $4.7 Billion Deal

BlackBerry, the once dominant smartphone maker, announced Monday that it will be sold to its largest shareholder, Canadian firm Fairfax Financial, in a deal worth about $4.7 billion.

Shareholders will receive $9 per share, according to the public statement, a slight premium on the stock’s $8.23 price when trading was halted Monday …

The Real Reason Telecoms Cooperate on National Security? Money

Verizon, the phone company whose disclosure of customer data to the U.S. federal government is at the center of the furor over cooperation by technology companies with top-secret national-security programs, has offered a precise, clear, but little-noticed public explanation of why it did what it did.

The Verizon explanation is not in the …

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