BlackBerry CEO out as Fairfax buyout fails [updated]

[Wireless News]

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-fairfax-buyout-fails-updated-132753803.html)BlackBerry CEO Thorsten Heins is reportedly being pushed out along with several board members as BlackBerry abandons its buyout plans and raises a new round of 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. UPDATE: It’s official. Here’s the release: BlackBerry Receives Investment of U.S. $1 Billion from Fairfax Financial and Other Institutional Investors John



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