BlackBerry abandons sale process, CEO out PDF  | Print |  E-mail
Written by ROB GILLIES, Associated Press   
Monday, 04 November 2013 10:02

TORONTO (AP) — BlackBerry is abandoning its sale process, and will replace its chief executive.

Fairfax, BlackBerry's largest shareholder with a 10 percent stake, said Monday it won't buy the entire company but it and other investors will inject $1 billion as part of a revised investment proposal.

BlackBerry says CEO Thorsten Heins is stepping down.

Fairfax head Prem Watsa will be appointed lead director of the board.


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