BlackBerry calls off sale, will replace CEO

2013-11-04 16:06

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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. 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.

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