BlackBerry deal dies, CEO out: report

 ·4 Nov 2013
Blackberry Phone

BlackBerry Ltd is abandoning a plan to sell itself and will instead raise some $1 billion and replace its chief executive, the Globe and Mail newspaper said on Monday, citing sources.

The Globe said the smartphone maker plans to raise the $1 billion by selling convertible notes.

BlackBerry couldn’t immediately be reached for comment.

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