You choose, we deliver
If you are interested in this story, you might be interested in others from The Journal Gazette. Go to www.journalgazette.net/newsletter and pick the subjects you care most about. We'll deliver your customized daily news report at 3 a.m. Fort Wayne time, right to your email.

Business

Advertisement

BlackBerry abandons sale process, CEO out

TORONTO – BlackBerry is abandoning its sale process, and it will replace its chief executive.

Fairfax, BlackBerry’s largest shareholder with a 10 percent stake, said Monday it won’t buy the entire company but it and other investors will inject $1 billion as part of a revised investment proposal.

BlackBerry said CEO Thorsten Heins is stepping down.

Fairfax head Prem Watsa will be appointed lead director of the board.

Advertisement