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Thursday, November 14, 2013

BlackBerry achieves its $1 billion investment

BlackBerry has completed the $1 billion (£622 million) investment it announced earlier this month. The deal - described as a private placement of convertible debentures - was arranged with shareholder Fairfax Financial Holdings and other investors.

Thorsten Heins, who’d been BlackBerry’s CEO since January last year, has stepped down from the role and been replaced by John Chen as interim CEO.

Mr Chen said “I am excited to be joining this iconic brand at such an important moment in its history. I look forward to leading the company through a successful transformation and restoring BlackBerry’s position as an innovative, successful company. I believe in the value of this brand and am confident we will rebuild BlackBerry for the benefit of all of our constituencies.”

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Author: The Fonecast
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Categories: Handsets and manufacturers, NewsNumber of views: 949

Tags: blackberry

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