Gone: CEO Thorsten Heins. Scratched: The $4.7 billion plan to take BlackBerry private.
Still hanging in there, after a fashion: BlackBerry, with a new plan to save itself.
BlackBerry said Monday morning that there is no future for the Fairfax Financial deal, valued at $4.7 billion, that was going to take the deeply troubled smartphone maker off the public markets and give it some relative peace as it seeks to turn itself around. Instead, BlackBerry will raise $1 billion through a sale of convertible notes to investors.
The company will also replace Heins as CEO and will put … Read more