Staying Informed

The Deal: Fairfax Drops $4.7B BlackBerry Bid

NEW YORK (The Deal) -- BlackBerry  is hitting reboot once again, with the troubled phone maker Monday, Nov. 4, abandoning plans to sell itself and sacking its CEO after major shareholder Fairfax Financial Holdings walked away from a proposed $4.7 billion buyout. Waterloo, Ont.-based BlackBerry said Fairfax instead would invest $250 million in a $1 billion convertible debentures sale. Fairfax in ...
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