Fairfax, BlackBerry's largest shareholder with a 10 percent stake, said it won't buy the struggling smartphone company and take it private
November 04, 2013 at 08:00 AM
1 minute read
BlackBerry abandoned its sale process on Monday, and announced it will replace its chief executive.
Fairfax, BlackBerry’s largest shareholder with a 10 percent stake, said it won’t buy the struggling smartphone company and take it private but said it and other investors will inject $1 billion as part of a revised investment proposal.
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