Microsoft Lifts Curtain on Surface 2, Pro 2
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Microsoft on Monday unveiled the Surface 2 and Surface Pro 2, the follow-ups to its first self-produced tablets, promising significant performance and battery life boosts, as well as a bevy of new features and accessories for its second-generation slates.
The Surface 2 is the successor to the ARM-basedSurface RT tablet released on Oct. 26, 2012. It has a Tegra 4 processor from Nvidia and will be made available on Oct. 22 starting at $449 for the 32GB version. A 64GB version will also be available and both flavors ship with Windows RT 8.1, Microsoft said during the official unveiling of the tablet at an event in New York City. Pre-orders for the new tablet begin Tuesday morning, the company said.
BlackBerry on Monday announced plans to sell its business to a consortium led by Fairfax Financial Holdings Limited, which will take the troubled phone maker private in a $4.7 billion deal.
Under the deal, BlackBerry shareholders would receive $9 in cash for each share of BlackBerry they own. Fairfax currently owns 10 percent of BlackBerry's common shares, which will be contributed to the proposed transaction.
The deal was recommended by the special committee that has been considering strategic alternatives for BlackBerry, and Fairfax's "letter of intent" has been approved by the BlackBerry board of directors. Fairfax is seeking financing from Bank of America Merrill Lynch and BMO Capital Markets.
The deal is subject to due diligence, which should be done by Nov. 4, at which point a final agreement should be in place. BlackBerry is still free to consider alternative proposals during the time, though it could face fees between $0.30 and $0.50 per share if another deal is accepted, depending on the circumstances.
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