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Blackberry Dumps Sale, CEO Steps Down

Posted: November 4th, 2013 | Author: | Filed under: Smartphone, Tech-Business News, UPDATED! | Tags: , , , , , | Comments Off on Blackberry Dumps Sale, CEO Steps Down

Blackberry Dumps Sale, CEO Steps DownBeleaguered smartphone maker Blackberry has abandoned it’s plans to find a buyer, instead the company says its chief executive will stand down after nearly two years in what has to be the toughest job in the techsphere.

Former software executive John Chen will serve as interim chief executive of the Canada-based firm, replacing Thorsten Heins. Blackberry has also announced plans to try and raise more than $US1 billion in fresh financing.

The announcement sparked a 16 percent plummet in Blackberry’s share price, raising fears the struggling smartphone maker is running out of options.

After a two-month review of strategic options and talks with potential buyers including Facebook and Lenovo, Blackberry says it will now completely abandon a sale :: Read the full article »»»»