The Latest in IT Security

BlackBerry could pay $250 million break fee in event of better offer: filing


BlackBerry Ltd will pay up to $250 million to a group of debtors including Prem Watsas Fairfax Financial Holdings if another deal succeeds, according to a regulatory filing on Thursday detailing the debt deal. The filing also showed that incoming interim chief executive and executive chairman John Chen will receive a base salary of $1 million and a bonus of up to $2 million. BlackBerry on Monday abandoned plans to sell itself and instead opted to raise $1 billion by selling convertible notes to a group of investors. Chen is the second straight chief executive at Canadas most prominent technology company to receive a lucrative pay package for what could be a short stint of work.

Comments are closed.


THURSDAY, MAY 23, 2024

Mission-Critical Broadband – Why Governments Should Partner with Commercial Operators:
Many governments embrace mobile network operator (MNO) networks as ...

ARA at Scale: How to Choose a Solution That Grows With Your Needs:
Application release automation (ARA) tools enable best practices in...

The Multi-Model Database:
Part of the “new normal” where data and cloud applications are ...



Latest Comments