BlackBerry calls off sale, will replace CEO

2013-11-04 16:06

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

BlackBerry Ltd is abandoning a plan to sell itself and will raise about $1 billion (R10.18 billion) from its largest shareholder and other institutional investors as it tries yet again to revive its fortunes.

The private placement could eventually increase the number of BlackBerry shares by as much as 20%, and the company's stock dropped 12 percent to $6.84 in morning Nasdaq trading.

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.

Inside News24

 
/News
Traffic Alerts
Traffic
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.