BlackBerry Sale Scuttled, CEO Ejected
BlackBerry Sale Scuttled, CEO Ejected (AllThingsD)
BlackBerry stunned investors this morning when it announced that it would not complete the previously reported sale to Fairfax Financial. Instead, Fairfax Financial will lead a group of investors in a $1 billion cash infusion, and CEO Thorsten Heins is stepping down and leaving the board. Pre-market trading was very negative, and there has been only a minor recovery during trading hours. As of 12:15 p.m., BBRY is trading at $6.67.