Report: BlackBerry no longer seeking deal, looks to replace CEO
WOW! Crazy news this morning! This Tweet just came through from @globeinvestor:
According to the Globe and Mail, BlackBerry is abandoning the deal with Fairfax Financial and will instead look to raise $1-billion of new funds in order to replace current CEO Thorsten Heins as well as some directors. If the rumors hold true, Thorsten Heins could be leaving BlackBerry and the company will look to restructure the board.
BlackBerry has issued a press release of the news, check out the details here.