The $4.7 billion deal to take BlackBerry private is dead, and Thorsten Heins is headed for the exit. Now BlackBerry plans to raise $1 billion selling convertible notes to investors.
The sale represents the majority of its real estate holdings in Canada. BlackBerry's not saying how much cash it'll take in from the transaction.
The buyout offer floated might be replaced with a deal that could come in around $7 per share, according to some analysts.
He's been called the Warren Buffett of Canada -- and rightfully so. But will Watsa's golden stuff extend to the battered brand that is now BlackBerry?
BlackBerry shareholders would receive $9 a share in the deal offered by a group led by Fairfax Financial Holdings.
One-man company's popular SnappyCam app, which was capable of capturing full-resolution images at 20 to 30 frames per second, has vanished from the iTunes App Store.
After the struggling smartphone maker threw in the towel and announced its plans to go private, the man behind the buyout proposal, Prem Watsa, says he's confident the deal will succeed.
A deal to buy BlackBerry has apparently fallen through, leading the ailing company to fire its boss and recruit a new man at the top.
The future of BlackBerry could be decided today as the troubled company hurtles towards today's deadline to find a buyer.
As the deadline approaches for Fairfax Financial to firm up its offer for BlackBerry, the two companies are jumping into the ring with co-founders Mike Lazaridis and Doug Fregin, The Wall Street Journal reports.