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Statement from BlackBerry on Google Play / BlackBerry 10 rumors

Statement from BlackBerry on Google Play / BlackBerry 10 rumors

This weekend you may have noticed the forums buzzing with rumors over Google Play coming to BlackBerry 10. We weren't quite sure what the deal was since there were no solid details, but we did reach out to BlackBerry to try and set the record straight. According to the rumors, you'll soon be able to run Google Play on your BlackBerry 10 device and have full access to the wide variety of Google...

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BlackBerry could wind up with over $4 billion in cash

Opportunity

This week started off with a bang. Fairfax pulled away from its initial offer to take BlackBerry private, and instead brought forward the idea of a $1 billion convertible debt offering. With BlackBerry’s balance sheet showing $2.3 billion in cash as of last quarter, this financing will put BlackBerry’s total cash balance over $3 billion when complete. It’s expected to be complete within two...

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CrackBerry Q&A with John Chen, BlackBerry's new CEO!

John S. Chen

It was just six weeks ago that BlackBerry and Fairfax Financial announced a preliminary deal to take the handset maker private. As the due diligence kicked into high gear, BlackBerry’s leadership realized that privatization was not the right decision for the company. They were losing customers faster than before, and a leveraged buy out was going to take too much time. So the “for sale” sign...

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The Fairfax BBRY investment: One day later

Prem Watsa

Now that I've had 24 hours to think about yesterday's interesting financial twist and read plenty of other reporting on the subject, I thought I'd come back with another post to clear up a few things. First off, it was likely incorrect of me to say that Fairfax wasn't able to raise the $4.7 billion required to take BlackBerry private. I know some reputable media outlets said they were having...

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A first look at BlackBerry's soon to be (interim) CEO, John Chen

John Chen

Following today's news that John Chen will be replacing Thorsten Heins as interim CEO of BlackBerry, we did some quick googling to dig up a handful of videos on the man who will soon be leading the company's day to day operations. With BlackBerry not going private, we can only imagine lots of interviews will be in Mr. Chen's future, so we wanted to get an early look. Past performance is the...

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Prem Watsa couldn't buy BlackBerry for $4.7 billion, so he bought it for $1 billion instead

In a surprise twist this morning, BlackBerry is going to stay public. What I’ll do in this quick editorial is explain what’s happening in plain language, along with my thoughts.  The financing: Fairfax wasn’t able to raise the entire $4.7 billion required to go firm on its original $9/share take-private bid. That much had been anticipated, and was heavily reported in the media this weekend. So...

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BlackBerry receives $1 billion investment from Fairfax Financial and other investors, John S. Chen to be appointed Interim CEO; Prem Watsa Lead Director

BlackBerry has announced today that they have entered into a $1-billion investment agreement with Fairfax Financial and other investors. BlackBerry has concluded their review of strategic alternatives and will also be making changes to the board. John S. Chen will be appointed Executive Chair and Interim CEO while Fairfax CEO Prem Watsa will be appointed Lead Director. Current BlackBerry CEO...

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Report: BlackBerry no longer seeking deal, looks to replace CEO

Report: BlackBerry no longer seeking deal, looks to replace CEO

WOW! Crazy news this morning! This Tweet just came through from @globeinvestor: #Breaking: #BlackBerry abandons plan to find buyer, will replace CEO $BBRY $FFH.CA $BB.CA. Details soon from @globebusiness — Globe Investor (@globeinvestor) November 4, 2013 According to the Globe and Mail, BlackBerry is abandoning the deal with Fairfax Financial and will instead look to raise $1-billion of new...

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From the Editor's Desk: It's November 4th...

November 4th!

Ok CrackBerry Nation, BlackBerry fans and BlackBerry investors. It's November 4th. It's a day that's been marked on our calendars for weeks. Not for any sort of BlackBerry product launch though which would normally be the kind of date we look forward to around here. Rather, today is the day we *should* find out a little more about the future of BlackBerry, the company. Will BlackBerry be taken...

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Fairfax might not be able to raise the funds for BlackBerry bid

That's according to a new report coming out of Reuters who's sources familiar with the matter claim several large banks are reluctant to participate due to the concerns that BlackBerry will not be able to reverse its rapidly declining fortunes. While Fairfax has Bank of America Merrill Lynch and BMO Capital Markets on board, several other large lenders are said to of have passed on the deal....

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Cerberus and Lazaridis may jointly bid for BlackBerry

Cerberus and Lazaridis may jointly bid for BlackBerry

This afternoon the Wall Street Journal just posted a story saying that Mike Lazaridis and Doug Fregin, co-founders of Research In Motion, may jointly bid for BlackBerry along with support from Cerberus Capital Management. The WSJ cites the usual anonymous “people familiar with the matter”. As a reminder, Lazaridis and Fregin, together, own about 8% of BlackBerry stock, and are not currently...

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Here’s what happens to BlackBerry on November 4th

Here’s what happens to BlackBerry on November 4th

It has nearly been 6 weeks since BlackBerry’s board of directors entered into an agreement with a consortium of investors led by Fairfax Financial. As a reminder, here is what that agreement said in plain English: They take BlackBerry private for $9 per share. The general agreement is for Fairfax, and its partner investors, to take BlackBerry off the public market by purchasing all shares it...

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What is BBM really competing against?

What is BBM really competing against?

We're now just past the one week mark in the cross-platform BBM rollout and things are clearly going well. They've added 20 million new monthly active users in this time, and the numbers keep rising as indicated by the fact that BBM still ranks as one of the most popular free downloads on iOS and Android across dozens of countries. I've been very active in pushing people to download the app,...

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Despite growing security concerns, President Barack Obama stills trusts his BlackBerry

BlackBerry has been looped in with stories in the news lately about security with people wondering if their devices are secure or subject to "spying". We've seen it numerous times in the last few months, but BlackBerry has continued to say that they are "confident in the superiority of BlackBerry's mobile security platform for customers using our integrated device and enterprise server...

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Three days into the rollout: Can BBM make a strong comeback?

Three days into the rollout: Can BBM make a strong comeback?

It’s been three days since the cross platform BBM launch went live. While opinions vary, you can’t argue with metrics, and 10 million downloads in 24 hours is a very good start. But that’s all it is. A start. For BBM to make a solid comeback it needs grow the installed base and turn downloads (the curious) into active users (raving fans). So how’s it going so far? My experience with BBM on an...

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Apparently Ex-Apple CEO John Sculley might make a bid at BlackBerry

John Sculley

The plot thickens. Honestly, I'm about ready to start seriously 'exploring making a bid at BlackBerry' just so I can get my name into a headline in The Globe and Mail or Bloomberg or Reuters. Today the Globe and Mail reported that Apple's former CEO John Sculley is exploring a bid at BlackBerry with Canadian partners.  Earlier this month, Sculley was making the media rounds and had some not so...

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People don’t understand it, but the BBM waiting list is smart

People don’t understand it, but the BBM waiting list is smart

Making people wait in line for something is one of the most common and most effective tricks to generate buzz and take advantage of the rule of social proof.  As is well-documented in Dr. Robert Cialdini’s excellent book, “Influence:  The Psychology of Persuasion”, social proof is a huge factor when it comes to influencing others. Waiting lists are nothing new.  Even waiting lists for apps are...

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What’s next now that BBM has launched on iPhone and Android?

What’s next now that BBM has launched on iPhone and Android?

So the big day has finally come.  I was just about to take to Twitter to complain about the silence from the @BBM channel, despite Frank Boulben telling Reuters the launch was coming in a matter of days.  And then, as luck should have it, I saw the Inside BlackBerry blog post about today’s launch.  I already have BBM up and running on my Galaxy S4 and I’m pleased to say it’s actually working...

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Good Start: BBM already topping the Top Free iPhone Apps chart!

BBM #1

Here's an image I've been wanting to see for over three years now. We've been clamoring on CrackBerry that RIM should put BlackBerry Messenger (now pronounced as "BlackBerry should put BBM") on other mobile platforms, and if they did it would easily top the free downloads charts. If people weren't going to buy a BlackBerry phone, at least you could be at the top of the competition's app stores,...

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Holy Sh!t I'm finally writing an Editor's Desk post!

Holy Sh!t I'm finally writing an Editor's Desk post!

Forgive me CrackBerry Nation, for I have sinned... my last From the Editor's Desk post was September 10th....... which is frak'n CRAZY! For those who follow me across social channels (Twitter / G+ / Instagram) or in the CrackBerry Forums, you know I've been as busy as ever (maybe more busy?!), which has had me hitting the publish button on far fewer CrackBerry articles than I'd ideally like to....

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