BlackBerry’s Deal is Dead, Thorsten Heins out

Boyd Erman at the Globe and Mail:

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.

Thorsten Heins, Blackberry CEO of less than two years, is out. The company-saving deal is dead. Their stock price is tanking in market pre-sales. What is going on over there? It looks like utter chaos.

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