BlackBerry phone makers holds the intention to sell the company to Fairfax Financial.
Instead, the company would try to raise a billion dollars funds from the market even after facing the financial difficulties.
BlackBerry CEO Thorsten Heins deviates from his post today and John Chen will replace him serve company as interim CEO. Earlier, BlackBerry announced that they expected to lose somewhere between $950 million to $995 million in second quarter, this was because of the poor sales of company’s new smart phone Z10
Firefox and some other companies offered Blackberry 4.7 billion in the Group Buying.
Interruptions In The Deal
It was announced last month. But does not extend negotiations in this case.
Earlier Reuters news agency reported that Fairfax Financial is facing issue in fundraising.
Fairfax Financial is partner of ten percent in the company and now it will raise the funds of 25 millions to BlackBerry
The company made the announcement to reduce 4500 Jobs in September.
Interim Executive John Chen admitted, “Blackberry is a reputed brand and it has limitless opportunities, but company needs better lead, discipline and stern decisions which needs time.” But some analysts have expressed skepticism over the prospects of the company.