BlackBerry Ltd. reached a tentative agreement for a $4.7 billion buyout by a group led by its biggest shareholder, forging a path to go private after years of losing ground to Apple Inc.’s iPhone and Google Inc.’s Android.

The group led by Fairfax Financial Holdings Ltd. would offer $9 a share a cash, according to a statement today -- a 3.1 percent premium over BlackBerry’s closing price last week. The consortium is still seeking financing for the offer, which will be subject to due diligence and further negotiation.

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