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BlackBerry Abandons Sale Plans, Will Replace CEO

Posted by ryuzaki0 on from the on-second-thought dept.

An anonymous reader writes "BlackBerry has abandoned plans to sell the company to Fairfax Holdings after the shareholder could not raise enough money. CEO Thorsten Heins is to leave the company. From the article: 'The company also said that Prem Watsa, chairman and CEO of Fairfax, will be appointed Lead Director and chair of the compensation, nomination and governance committee. Mr. Watsa had resigned from the BlackBerry board earlier this year to explore a bid for the company.'"

5 of 83 comments (clear)

  1. Slashdot Abandons Grammar Will Use Runon Sentences by Anonymous Coward · · Score: 5, Funny

    nt

  2. FTFS vs. FTFA by HairyNevus · · Score: 5, Informative

    Summary: "BlackBerry has abandoned plans to sell the company to Fairfax Holdings after the shareholder could not raise enough money."

    Article: "In an interview, Mr. Watsa denied reports that Fairfax struggled to raise financing for the $4.7 billion deal. 'Over the history of Fairfax, we've never had a problem lining up financing,' he said. 'There was no question of us being able to raise money. After the due diligence period we didn't think was appropriate for [BlackBerry] to be burdened with debt.'"

    Maybe the AC knows something it's not sharing?

    --
    You were critically hit for no damage. The bruise will look nice, and maybe the scars will make good party talk.
  3. Re:semicolon by slashmydots · · Score: 4, Funny

    This is an Onion article apparently. I read it as BlackBerry Abandons Sale Plans Will Replace CEO. They're making an ultra smart phone called The Abandons which is smart enough to replace their CEO so it's going to.

  4. Re:This is a great landscape for Blackberry. by Anonymous Coward · · Score: 4, Insightful

    this is the same company that let the indian and other asian governments have access to customers' data

  5. Good news, bad news for BB by Minwee · · Score: 4, Funny

    It looks like Fairfax wasn't able to come up with a DVD full of dollars ($4,700,372,992) to buy the company, but fortunately Blackberry was able to sell the CEO to an unnamed bidder for one billion.

    (By the way, Thorsten? Just thought you should know. It's a cook book. Enjoy your trip.)