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.
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.
The buyout offer floated might be replaced with a deal that could come in around $7 per share, according to some analysts.
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.
LinkedIn has played an unlikely part in uncovering two men allegedly behind a AU$7 million insider trading scandal involving one of Australia's leading banks.
BlackBerry has agreed to a buyout by Toronto-based financial holding company Fairfax Financial Holdings, which owns about 10 per cent of the mobile company's shares.
Thorsten Heins will step down as the head of BlackBerry, as the US$4.7 billion buyout from Fairfax Financial Holdings falls through.
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.