BlackBerry he abandons the sales plan of the group and sinks to Wall Street. Shares of the Canadian smartphone company fell nearly 19% to $6,33 in premarket trading. The company will raise $XNUMX billion by selling the equivalent of convertible debt to its largest shareholder, Fairfax Financial Holdings, and other institutional investors. The group communicated it in a note, also announcing a turn of seats at the top.
The role of CEO – until now held by Thorsten Heins – is hired on an interim basis by John S. Chen. Last September, BlackBerry had reached an agreement in principle with the insurance group Fairfax Financial, willing to buy the group for 9 dollars a share in an operation worth 4,7 billion dollars. But Fairfax evidently struggled to raise the necessary capital to complete the buyout.
