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BlackBerry is not selling itself anymore

  • BlackBerry announced today that it doesn't plan on selling itself to Fairfax Financial Holdings anymore. 

    The company was supposed to firm up this deal and compete bids on this day but announced a new plan instead. 

    BlackBerry is now expected to sell convertible notes to investors and raise $1B by doing so.

    Reports suggest that BlackBerry had reached out to companies such as Facebook and LinkedIn while attempting to find an alternative buyer. 

     

    Tagged as: blackberry bankrupt, blackberry not selling itself, blackberry deal, blackberry news, money news, business news