BlackBerry abandons sale process, chief executive will be replaced
Nov 4, 2013 / 6:14 am
TORONTO - BlackBerry is abandoning its sale process, and will replace its chief executive.
Fairfax, BlackBerry's largest shareholder with a 10 per cent stake, said Monday it won't buy the entire company but it and other investors will inject $1 billion as part of a revised investment proposal.
BlackBerry says CEO Thorsten Heins is stepping down.
Fairfax head Prem Watsa will be appointed lead director of the board.
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