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Blackberry Abandons Search For Buyer - Technology Market - Nairaland

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Blackberry Abandons Search For Buyer by Fitzy4real(m): 4:01pm On Nov 04, 2013
BlackBerry has abandoned its plan to sell the company and said it's receiving an investment of $1 billion from majority shareholder Fairfax Financial, the companies announced on Monday.

The Canadian smartphone company also said that Thorsten Heins is stepping down as chief executive officer. John S. Chen, former CEO of Sybase and Siemens, will serve as interim CEO, said the company. He was also appointed executive chair of BlackBerry's board of directors.

BlackBerry's stock plunged 18% in premarket trading. The company recently appealed in an open letter to its customers to stay loyal.

BlackBerry did not immediately return a message from CNNMoney about its future plans.



http://money.cnn.com/2013/11/04/technology/blackberry-fairfax/index.html?sr=fb110413blackberry915a
Re: Blackberry Abandons Search For Buyer by mcdokwe(m): 5:19pm On Nov 04, 2013
ok, but they're however in for a tough ride
Re: Blackberry Abandons Search For Buyer by Fitzy4real(m): 6:15am On Nov 05, 2013
mcdokwe: ok, but they're however in for a tough ride

I just hope they don't bungle dis 2nd chance

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