Wireless News
11-04-2013, 04:00 PM
BlackBerry's CEO Thorsten Heins announced on Monday he is leaving the company, the same day the smartphone maker announced it is ending its effort to sell itself for $4.7 billion to a consortium of companies led by Fairfax Financial Holdings Limited, agreeing instead to $1 billion stock purchase with that group. The company arranged the previous deal with Fairfax in September, after declining profits led BlackBerry to announce it would focus more on business software and less on consumer products. "I am pleased to join a company with as much potential as BlackBerry," Chen said in a press release. "BlackBerry is an iconic brand with enormous potential - but it's going to take time, discipline and tough decisions to reclaim our success.
More... (http://news.yahoo.com/blackberry-abandons-buyout-ceo-quits-200259940.html)
More... (http://news.yahoo.com/blackberry-abandons-buyout-ceo-quits-200259940.html)