BlackBerry Ltd (NASDAQ:BBRY) (TSE:BB) has announced that it would receive a $1 billion investment from Fairfax Financial Holdings Ltd (TSE:FFH) and other investors, representing the conclusion of its process of seeking strategic alternatives for taking the company forward. Fairfax Financial Holdings Ltd (TSE:FFH) had wanted to acquire BlackBerry Ltd (NASDAQ:BBRY) (TSE:BB) outright, but with the deadline looming today it looks like it fell short of raising the necessary funds, so this represents plan B. Ovum’s Chief Telecoms analyst, Jan Dawson, has the following comments:
“The appointment of enterprise software veteran John Chen, former CEO of Sybase, as...
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full ArticleAlready a member? Log in here
