blackberry logo*The ailing company that is Blackberry is being sold and going private.

The company practically invented the smartphone before Apple’s iPhone took it to a whole ‘nother level, will be acquired by Fairfax Financial Holdings for about $4.7 billion in cash.

The Wall Street Journal says Fairfax is one of BlackBerry’s most prominent investors, owning 10% of the company’s shares. The deal calls for BlackBerry shareholders to receive $9 a share. The company’s stock, which was halted on Monday pending the news, was down about 6% to $8.23.

Read/learn MORE at Deadline.