BlackBerry Abandons Sale Plans, Will Replace CEO 83
An anonymous reader writes "BlackBerry has abandoned plans to sell the company to Fairfax Holdings after the shareholder could not raise enough money. CEO Thorsten Heins is to leave the company. From the article: 'The company also said that Prem Watsa, chairman and CEO of Fairfax, will be appointed Lead Director and chair of the compensation, nomination and governance committee. Mr. Watsa had resigned from the BlackBerry board earlier this year to explore a bid for the company.'"
semicolon (Score:2, Informative)
semicolons are awesome! especially in headlines. The Onion does it well.
FTFS vs. FTFA (Score:5, Informative)
Summary: "BlackBerry has abandoned plans to sell the company to Fairfax Holdings after the shareholder could not raise enough money."
Article: "In an interview, Mr. Watsa denied reports that Fairfax struggled to raise financing for the $4.7 billion deal. 'Over the history of Fairfax, we've never had a problem lining up financing,' he said. 'There was no question of us being able to raise money. After the due diligence period we didn't think was appropriate for [BlackBerry] to be burdened with debt.'"
Maybe the AC knows something it's not sharing?