BlackBerry to go private in 4.7 billion deal led by Fairfax
BlackBerry announces a letter of intent with Fairfax Financial Holdings to take the company private for 9 per share, valuing the deal at about 4.7 billion. Fairfax owns about 10 percent and will acquire remaining shares while due diligence runs six weeks.
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Microsoft unveils Surface 2 and Surface Pro 2 tablets
Microsoft rolled out Surface 2 and Surface Pro 2 in New York as part of a push to gain market share against Apple iPads and Android tablets. Pricing starts at 449 for Surface 2 and 899 for Surface Pro 2, with free Skype perks and SkyDrive storage for two years. Analysts say the new models improve hardware and could still boost Microsoft’s devices strategy despite a prior 900 million writedown.
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iPhone 5S and 5C debut breaks first weekend sales record
Apple reports 9 million iPhone 5S and iPhone 5C sold in the first weekend, surpassing prior records and totaling the strongest launch yet. Tim Cook notes high demand, ongoing shipments, and 200 million iOS devices upgraded to iOS 7. Localytics data indicate 5S outsold 5C by about 3.4 to 1.
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German hackers bypass Apple fingerprint lock claim
The Chaos Computer Club in Berlin says it can defeat the iPhone 5S biometric sensor with a copied fingerprint made by printing a high resolution image on a transparent sheet and coating it with latex or wood glue. The group released videos to verify the method and noted the difficulty of obtaining a new iPhone.
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