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Fairfax outs BlackBerry investor partners

2013-11-08 01:00:00| Total Telecom industry news

Qatar-based sovereign wealth fund teams up with Canadian funds for $1 billion investment.

Tags: partners investor blackberry outs

 

BlackBerry ditches CEO and accepts $1 billion loan from Fairfax, others

2013-11-04 16:03:23| InfoWorld: Top News

BlackBerry will change its CEO and accept a $1 billion loan from a consortium involving shareholder Fairfax Financial Holdings as it struggles with inventory and strategy problems. The company has abandoned plans to sell itself, after months of shopping itself without getting a buyer. CEO Thorsten Heins will resign when the deal is complete, with former Sybase CEO John S. Chen joining the company as chairman and interim CEO, BlackBerry announced today.

Tags: others loan ceo billion

 
 

Update: BlackBerry ditches CEO and accepts $1 billion loan from Fairfax, others

2013-11-04 16:03:23| InfoWorld: Top News

BlackBerry will change its CEO and accept a $1 billion loan from a consortium involving shareholder Fairfax Financial Holdings as it struggles with inventory and strategy problems. The company has abandoned plans to sell itself CEO Thorsten Heins will resign when the deal is complete, with former Sybase CEO John S. Chen joining the company as chairman and interim CEO, BlackBerry announced Monday.

Tags: others update loan ceo

 

BlackBerry gets ready to announce new bidder or seal deal with Fairfax

2013-11-04 14:45:19| InfoWorld: Top News

BlackBerry is expected to announce a definitive merger agreement with Fairfax Financial Holdings on Monday -- or present an alternative bidder to help get the company back on track, with the latter group including the likes of Qualcomm. Six weeks have passed since a consortium led by Fairfax announced it had bid approximately $4.7 billion for BlackBerry. The terms of the bid allowed for Fairfax to conduct a six week long due-diligence investigation that ends on Monday, while allowing BlackBerry to enter into negotiations with other bidders.

Tags: with ready deal seal

 

Fairfax County (Va.) district is looking at sizable cuts to close budget deficit

2013-10-21 19:02:00| American School & University

System faces a projected $140 million shortfall Schoolhouse Beat read more

Tags: close county district budget

 

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