Wireless News
11-04-2013, 09:24 AM
http://l2.yimg.com/bt/api/res/1.2/pgyJQ8wO5zJMrxpJasAhSw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_US/News/BGR_News/thorsten-heins-2.jpg (http://news.yahoo.com/blackberry-ceo-reportedly-fairfax-buyout-fails-132753168.html)BlackBerry CEO Thorsten Heins is reportedly being pushed out along with several board members as BlackBerry abandons its buyout plans and seeks new funding instead. The Globe and Mail on Monday morning reported that Fairfax Financial’s planned $4.7 billion BlackBerry buyout will not go through today, which was the deadline for the deal. Other parties were showing interest in a potential buyout, however BlackBerry is reportedly no longer on the table. Instead, the struggling smartphone maker will look to raise $1 billion and right the ship itself. BlackBerry shares plunged more than 18% on the news.
More... (http://news.yahoo.com/blackberry-ceo-reportedly-fairfax-buyout-fails-132753168.html)
More... (http://news.yahoo.com/blackberry-ceo-reportedly-fairfax-buyout-fails-132753168.html)