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Blackberry Isn’t Going to Sell Itself After All

04
Nov
2013

Blackberrys end times are apparently delayed: a sale is off the table, and the new plan is to raise $1 billion in new funds and find a new CEO.  Until today, Fairfax Financial was all set to buy the embattled Canadian mobile giant for bargain bin prices. Blackberry filed a letter of intent to sell itself to Fairfax in September for the low, low price of $9 per share. The sale was announced the week after Blackberry laid off 40 percent of its employees and announced billion dollar losses. Fairfax had until today to finish reviewing Blackberrys books — and now the sale is off.

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