A few weeks ago, the smartphone maker announced it had signed a letter of intent to sell the company valued at $4.7 billion to Fairfax Financial Holdings. Instead, in a statement released Monday, BlackBerry announced it will receive a $1 billion investment from Fairfax Financial and others. BlackBerry CEO Thorsten Heins will step down and be replaced by interim CEO John Chen.
BlackBerry Abandons Plans To Sell Itself, Replaces CEO
By editor • Nov 4, 2013
Originally published on November 4, 2013 12:39 pm