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Blackberry Pulls Out Of Sell-Off Plan



2:22 pm on Nov 4, 2013 (gmt 0)

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It's quite incredible how the brand has fallen over such a short period of time, and I really don't know where next for it.

Blackberry has abandoned a plan to sell itself to its biggest shareholder, Fairfax Financial Holdings.

Instead, the struggling maker of smartphones intends to raise $1bn (627m) in fresh financing.

Chief executive Thorsten Heins will step down and former Sybase chief executive John Chen will serve as interim chief executive.Blackberry Pulls Out Of Sell-Off Plan [bbc.co.uk]


3:12 pm on Nov 4, 2013 (gmt 0)

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