Blackberry Replaces CEO, Won't Be Sold
Blackberry's months-long quest to either close its deal to be sold to Fairfax Financial or to another buyer failed on both counts Monday. Instead, BlackBerry will not be sold, while its CEO is out.
Fairfax and other investors, according to the AP, will invest $1 billion in the company, and in the process CEO Thorsten Heins will resign, replaced on an interim basis by John Chen.
The company will continue to make smartphones, according to multiple media reports.