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BlackBerry Ltd. is abandoning a plan to find a buyer and will instead raise $1-billion of new funds and replace its chief executive and some directors, sources said. The Waterloo, Ont.-based smartphone company had spent the past two and a half months seeking a buyer, and had received a letter of intent from investor Fairfax Financial Holdings Ltd. to purchase the company for $4.7-billion. Fairfax had until today to complete its detailed examination of BlackBerry’s books.
The post Mobiquant News: BlackBerry Abandons Plan to Sell Company appeared first on Mobiquant Technologies.
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