BlackBerry: dead deal, ousted CEO

TECHi's Author Brian Molidor
Opposing Author Latimes Read Source Article
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TECHi's Take
Brian Molidor
Brian Molidor
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Their deal fell apart, they are no longer for sale, and their CEO is out. Just a normal day in the world of BlackBerry.

Latimes

Latimes

  • Words 56
  • Estimated Read 1 min
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In a stunning turn of events, BlackBerry announced Monday that its $4.7-billion buyout had fallen through, that it was no longer for sale and that Chief Executive Thorsten Heins was out.

Shares of BlackBerry plummeted on the news, falling more than 16% in early trading in New York. Its shares were down 13% to $6.76 at 7:50 a.m. PST.

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