Monday, November 4, 2013

Breaking News -- Reports: BlackBerry abandoning sale process, will replace CEO

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***USATODAY.com Breaking News***
Shares of BlackBerry have plunged 18% in pre-market trading following a report that its buyout deal with Fairfax Financial Holdings has fallen through. According to the "Toronto Globe and Mail," BlackBerry plans to ditch a plan with Fairfax that would have valued the company at $4.7 billion, and will instead raise $1 billion in new funds. The report, which cites sources, also claims BlackBerry CEO Thorsten Heins will leave the company. The Associated Press also issued a news alert, citing the company.
For more on this story, go to http://usat.ly/1hdm9Gc.


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