BlackBerry has decided not to sell itself and is instead raising $1 billion and replacing its CEO, according to a report.
The company, which had until Nov. 4 to agree to be acquired by Fairfax Financial Holdings for $4.7 billion, is instead seeking to raise about $1 billion by selling convertible notes to a group of investors, according to The Globe and Mail
CEO Thorsten Heins will also leave the company, according to the report, which cites "people familiar with the transaction." The report didn't name a replacement.
Reps from BlackBerry could not be reached for comment on the report.
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via Mashable http://mashable.com/2013/11/04/report-blackberry-decides-not-to-sell-itself/?utm_medium=feed&utm_source=rss
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