BlackBerry won’t sell itself; CEO is out
In the age of Android and iPhone dominance, not too many people are interested in buying a BlackBerry anymore. The same could be said for the Canadian company that manufactures the device. On Monday, the smart phone maker announced it would abandon a bid to be taken over by a private group of investors, and that CEO Thorsten Heins will step down. Fairfax Financial Holdings, BlackBerry’s largest shareholder, and a group of private investors will give the company a $1 billion cash influx to reorganize. Marketplace Reporter Sabri Ben-Achour has the latest on the news.
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