Departing Blackberry CEO says he will be “cheering from the sidelines” after handing over the reins to interim CEO John Chen.
“Delay” in Fairfax investment deal and ousting of ex-CEO Thorsten Heins means Fairfax’s due diligence found something nasty.
BlackBerry announces that the Fairfax deal has not materialized, and will instead seek a $1 billion in debt. CEO Thorsten Heins has been shown the door as the struggling handset manufacturer looks to recover lost ground.
Blackberry’s shareholder annual general meeting takes place this morning in Ontario. What’s going to happen at the gathering of the troubled smartphone maker’s shareholders?